Angola: China Entrenches Position in Booming Economy

Luanda — The announcement earlier this month that Angola had overtaken Saudi Arabia as China's premier supplier of crude oil underlined the deepening ties between the two red-hot economies.

Angola is sub-Saharan Africa's second largest oil producer, after Nigeria, pumping 1.3 million barrels a day (b/d) - a figure the government expects to rise to 2 million b/d by 2008. Record oil prices are ensuring double-digit growth, and the country is in the middle of a reconstruction boom after a ruinous 27-year civil war ended in 2002.

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