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After the boom: Angola’s recurring oil challenges in a new context

Subtitle:
OIES Paper: WPM 72
Abstract:

Angola is one of Africa’s most established petro-states, with initial forays into the country’s oil acreage predating national independence. A failure to diversify the economy significantly away from the now well-established oil industry proved disastrous during the global financial crisis of 2008-9: the plunge in oil prices by nearly two thirds from a high of USD147 forced the Angolan government to consider revising the oil benchmark figure in its 2009 budget to below break-even levels. Desp...

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Publication status:
Published
Peer review status:
Peer reviewed

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Department:
Oxford Institute of Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website

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