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Economy

Angola's oil-backed rulers are standing proud on the international scene. In the last three months, Angola has joined the Organisation of Petroleum Exporting Countries (OPEC); pulled out of negotiations for a new standby arrangement with the International Monetary Fund (IMF); paid off official debts in the Paris Club; paid off private debts to Portuguese construction companies; broken off negotiations with Sinopec, China's state oil company, over a proposed 200,000 barrel-per-day (bpd) refinery; and ejected ExxonMobil from a liquefied natural gas project. At home, they threaten political opponents and are thinking about nuclear energy....

(This article contains approximately 1498 words)

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Keywords:

Portuguese, China, South African, AFTER THE HONEYMOON, Saudi Arabia, Nigeria, Edmund Daukoru, British, José Pedro de Morais, France, Italy, Spain, Netherlands, Germany, Sarah Wykes, Teixeira Duarte, Soares da Costa, Mota Engil, Companhia de Seguros de Créditos, Ausfuhrkreditgesellschaft, Hermes, Banco Africano de Investimentos, Banco de Poupança e Crédito, Banco do Fomento