Angola targets 1.57 mbd oil production in 2019


Angola overtakes Nigeria as Africa's largest oil producerAngola’s oil production, Africa’s second largest, is set to rise to 1.57 million barrels per day (mbd) in 2019, from 1.52 mbd this year, as new blocks come on stream, according to the proposed government budget published on Thursday.

The budget projects overall economic growth of 2.8 percent, with calculations using an average oil price of $68.