BMI View: We continue to hold a very positive view on Angola’s hydrocarbon market. Recent production start-up on fields such as BP’s PSVM field and additional output to come online from CLOV and other large prospects from next year support our view that the country’s oil sector will continue to grow steadily throughout the decade. The industry is nonetheless impaired by numerous delays and stringent aboveground instabilities. With Angola LNG now online, attempts to cut gas flaring will finally materialise boosting the country’s gas output. OPEC quotas, the risk of further project delays and the Angolan political environment still nonetheless …
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