Angola to Ban Contracting Oil Services Abroad, Radio Reports

Angola plans to ban foreign oil companies from contracting services from companies abroad, Radio Nacional de Angola said, citing Manuel Vicente, chairman of the state-owned oil company Sonangol EP.

Sonangol, which manages the country’s oil concessions process, will stop companies from holding tenders overseas so that only domestic firms take part, the Luanda-based radio reported.

Angola vies with Nigeria as Africa biggest oil producer.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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