Oil is the lifeblood of Angola, providing 90% of the country's export revenues. Here, Luis Soares de Sousa explains changes to regulations governing open tenders in the industry
October 25, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Until November 2004, the landmark for Angolan petroleum legislation had been a law dating back to 1978, which established the basic principles regulating the exploration of the country’s petroleum potential after independence.
Taking into account the natural growth of the Angolan oil industry and the development of new concepts and practices in petroleum concessions, the Angolan Government revised the law in November 2004.
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