Angola Vows to End Fuel Shortage Sparked by Currency Crunch

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Angola Vows to End Fuel Shortage Sparked by Currency Crunch
Angola Vows to End Fuel Shortage Sparked by Currency Crunch

Angola is taking measures to end a fuel shortage at gas stations across the country that left hundreds of motorists stranded and risked paralyzing some sectors of the economy. President Joao Lourenco met with officials from the oil industry on Tuesday to discuss the matter, his office said in an emailed statement. State-owned oil company Sonangol, which is responsible for importing refined products, acknowledged in a statement on May 4 that a lack of dollars to import fuel was the main reason for the crunch. Angola, Africa’s second biggest oil producer, imports almost all of its gasoline. The nation’s sole refinery in the capital, Luanda, only produces enough fuel to meet 20 percent of demand.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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