Angola, Africa's third-largest oil producer, says it aims to maintain crude
production above 1 million barrels per day to offset declines at mature fields.
President João Lourenço told parliament in Luanda oil and gas remain the
backbone of the economy and public finances, echoing Oil Minister Diamantino
Azevedo’s earlier statement that new investment and discoveries underpin a plan
to keep output at or above 1mlnbpd at least through 2027.
