News24

Angola, Ghana to forge oil links

2010-06-24 09:01

Luanda - Angola's state oil company Sonangol wants to work in Ghana's emerging oil industry, which is expected to start producing crude later this year from a massive new field, a minister said on Wednesday.

"We have a certain experience, and Sonangol has already proved itself," oil minister Jose Botelho de Vasconcelos said on Angola's state radio.

"We can share this experience with Ghana's national company," he said. "Our two companies should work together to identify areas of mutual benefit to our countries."

He spoke following President Jose Eduardo Dos Santos's official visit to Accra, where he met with Ghana's President John Atta Mills.

Dos Santos, in power for three decades, rarely travels overseas himself. The visit highlighted the significance Angola attaches to Ghana as an emerging oil producer, as Luanda tries to assert itself as a major player in Africa's economy.

Angola vies with Nigeria as Africa's top oil producer.

Ghana expects to start pumping by the end of the year from the Jubilee field, which has more than one billion barrels in reserves, making it one of the biggest finds in west Africa of the last decade.