GLOBAL OIL

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ANGOLA - Republic of Angola

Angola's oil industry is one of the fastest-growing in the world. But the country remains one of the poorest and most devastated on earth.

Petroleum provides more than 90% of Angola's total revenues. More than half of country's oil goes to the United States; China and other Asian countries take the rest.

Despite the flood of money coming to Angola, the majority of the population remains in desperate poverty. 25 years of civil war has left the country in ruins. Millions of live land mines litter the countryside. Agriculture is nonexistent.

Extreme corruption (with the connivance of international oil companies) keeps all but a tiny trickle of money from the Angolan people.

Production 1,600,000 barrels per day
Exports   800,000+ barrels per day ?
Imports   --
             minimal
Consumption   --
             minimal
Reserves   25.0 billion barrels proven