China guarantees increase in demand for Angolan oil

Angolan oil exports, the country's main source of revenue, will continue to increase in the near future thanks to growth in demand from China which will compensate for possible setbacks in other markets, according to analysts from Portugal’s Banco BPI. “Despite certain conditions that could limit the demand from developed economies, China's strong growth provides guarantees that, in the near future, demand for Angolan oil should be maintained,” say the BPI analysts in the latest report on Angola, published in September.