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Angola: New oil and gas agency planned

Angola has announced plans for a national oil and gas agency to replace all-powerful parastatal Sonangol as national hydrocarbons concessionaire as part of efforts to restructure the oil sector. Supervision of the sector will be in the hands of the Ministry of Mineral Resources and Petroleum, and will include establishing medium and long-term strategy, managing legal disputes, approval of annual and multi-year plans and budgets, coordination between sectors and promotion of local content, including biofuels.

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