Continental Focus, International Reach

Sonangol Institutes OPEC Cuts

Monday, January 9, 2017

Under a deal reached between OPEC members at the end of last year, Sonangol has cut its production flows. The Angolan state-run oil company cut output by 78,000 bpd, starting January 1.

The company has instituted a 1.673 million bpd capacity cap as part of the OPEC agreement aimed at bolstering crude prices.


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