Angola plans to cut gas flaring to improve revenue

Angola plans to cut gas flaring to improve revenue

Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.

The announcement of efforts to generate more revenues by reducing gas flaring comes as Africa’s second-largest crude producer faces a fall in output from its mature oil fields.

“Over the years, Angola has somewhat neglected to capitalize on the natural resources that it has to offer,” Mineral Resources and Petroleum Minister Diamantino Azevedo said in a brochure released at an African energy conference in Cape Town.

Continue reading Angola plans to cut gas flaring to improve revenue at Vanguard Nigeria.

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