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Business

Angola to speed up oil exploration

Published: 08 Nov 2013 - 07:00 am | Last Updated: 29 Jan 2022 - 12:48 pm

A file picture of the headquarters of the Angolan state oil company Sonagol in capital Luanda. Angola plans to speed up oil exploration from 2014 by licensing up to 15 new blocks every two years, testing more wells in the promising pre-salt layer and developing its operations in Iraq, Oil Minister Jose Botelho de Vasconcelos said.