Recently Released Market Study: Angola Oil & Gas Report Q4 2012
BMI View: With several new projects added or coming onstream in the next few years, such as Pazflor (220,000b/d) and PSVM (150,000b/d), we see Angolan oil output rising substantially in the coming decade. Attempts to cut gas flaring also boost the outlook for gas production. Nevertheless, OPEC quotas, the risk of project delays and the Angolan political environment still imply a significant amount of uncertainty.
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