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Angola's OPEC exit opens way for more Chinese investment – The Zimbabwe Mail

BEIJING,- Angola's decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, as part of a deepening of decades-old ties. Angolaย said on Thursday it was leaving OPEC, effective from Jan. 1, following a row with the producer group over…
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Angola to quit OPEC over oil production quotas disagreement

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.Azevedo told state broadcaster TPA that Angola is unhappy with OPEC's decision last month to further slash production next year in an effort to prop up volatile prices.
Red Sea Djibouti General Joao Lourenco Diamantino Azevedo President Joao Lourenco Sub Saharan Africa
Source: yahoo.com

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