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Angola to Ban Contracting Oil Services Abroad, Radio Reports

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.

To contact the reporter on this story: Candido Mendes in Luanda at

To contact the editor responsible for this story: Antony Sguazzin at

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