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Angola to Auction 15 Offshore Blocks

Posted by February 27, 2015

Angola will this year auction 15 new oil blocks in the ultra-deep offshore waters where most of its current oil production comes from, while rights to explore 10 onshore blocks will also be issued, the state oil company said on Friday.

Africa's second largest crude exporter and key supplier to China pumped 1.67 million barrels per day (bpd) last year, down 2.6 percent on the previous year, Sonangol said.


Reporting by Joe Brock

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