BRITISH energy group BP intends to invest almost £5bn in Angola's oil sector over the next six years.
BP chief executive Lord John Browne has held talks in the capital Luanda with President Jose Eduardo dos Santos to discuss BP's plans in Angola where the government awards exploration rights. BP has interests in four offshore blocs.
Angola is sub-Saharan Africa's second-largest oil producer after Nigeria, with most of its production offshore.
It produces about 900,000 barrels per day.
The government has predicted output could rise to 1.6 million barrels a day by 2005.
Human rights groups have alleged much of the state's oil revenue is pocketed by corrupt officials, a charge the government denies.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article