May 16 (Bloomberg) -- 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.
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