Economic recovery for Angola, an OPEC member coping with declining production, is progressing but it’s still uncertain over the long term, the International Monetary Fund found. IMF data show Angola’s economy moving in positive direction, with gross domestic product indicating slow recovery from recession in 2016, a growth of 1.0 percent in 2017 and 2.2 percent forecast for this year. Angolan energy company Sonangol is working with a group of international partners on how to make the country’s oil sector more attractive to investors. Action was taken by President João Lourenço, meanwhile, would make it easier for major oil players to grab new acreage offshore. French supermajor Total leads a consortium developing the Zinia 2 offshore development in Block 17 of the Pazflor field. A budget of […]