Angop - Agência de Notícias Angola Press

Chinese oil company prepares to invest in Angola

Thu, 07 Dec 2017 18:29 - Politics

Luanda - The Chinese business group Great United Petroleum Holding Co. Ldt has expressed interest in investing in oil and gas exploration in Angola and competing in the market with more than two dozens of companies operating in Angola.

  • Vice-president of Great United Petroleum Holding Co. Ldt, David Zhao
  • Presidente João Lourenço (à dir.) recebe David Zhao

This fact was told to journalists Thursday by the group's vice chairperson, David Zhao, after a meeting with the President of the Republic, João Lourenço.

David Zhao said that during the audience he received guarantees from the Angolan Head of State to materialize the project.

China has been one of the main buyers of Angola's oil, with sales of Angolan oil to the country registered at 27.1 thousand metric tons during the first half of this year.