Jump to navigation

Vol 2 (AAC) No 7

Published 1st May 2009


Angola

Oil, votes and Beijing

As Luanda tries to shore up its finances as export revenues tumble, China’s offer of credit becomes more important

The combination of lower world oil prices, tighter credit and production cuts has increased Luanda's reliance on its countertrade credits with China. As Angola holds the presidency of the Organisation of Petroleum Exporting Country, it will have to stick to the organisation's production cuts.

End of preview - This article contains approximately 1143 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.