About Angola

  • Republic of Angola is Africa’s second largest oil producer behind Nigeria.
  • A former Portuguese economy, Angola has experienced rapid economic growth in the 21st century driven by the oil sector.
  • Angola is also the third largest financial market in Sub-Saharan Africa behind Nigeria and South Africa with openness to foreign investment and partnerships in all industries from construction, diamonds, retail and energy.
  • Highlight: Cimel Oilfield Services, a 100% owned Angolan company, is committed to the sustainable growth and development of Angola.

Capital City: Luanda
Major Cities: Cabinda, Huambo, Lubango, Soyo
Official Language: Portuguese
Currency: kwanza (AOA) per US dollar –
Major Industries: petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing, brewing, tobacco products, sugar; textiles; ship repair

Population (million inhabitants) 19.18
Land area (1,000 sq. km) 1,248
Population density (inhabitants per sq. km) 15
GDP per capita ($) 6,282
GDP at market prices (million $) 120,509
Value of exports (million $) 68,191
Value of petroleum exports (million $) 67,829
Current account balance (million $) 8,036
Proven crude oil reserves (million barrels) 9,011
Proven natural gas reserves (billion cu. m.) 275
Crude oil production (1,000 b/d) 1,701
Marketed production of natural gas (million cu. m.) 925
Refinery capacity (1,000 b/cd) 39
Output of refined petroleum products (1,000 b/d) 45.4
Oil demand (1,000 b/d) 128
Crude oil exports (1,000 b/d) 1,669
Exports of petroleum products (1,000 b/d) 33.0
Natural gas exports (million cu. m.) 517
  • b/d (barrels per day)
  • Cu. m. (cubic meters)
  • b/cd (barrels per calendar day)

Source: Annual Statistical Bulletin 2014

 

tags: Angola concessions map; Angola overview; OPEC Angola data; offshore onshore Angola

The Map of Angola