Power of Oil in Angola

Author： José-León García Rodríguez   Francisco J. García Rodríguez and Carlos Castilla Gutiérrez (University of La Laguna   Canary Islands   Spain)  

Publisher： Nova Science Publishers, Inc.‎

Publication year： 2013

E-ISBN: 9781624175152

Subject： D Political and Legal

Keyword： Africa

Language： ENG

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Description

Angola is the seventh largest country in Africa, divided in 18 provinces and situated in the southwest of the continent, in the tropical zone of the southern hemisphere. It has a wealth of natural resources, fertile albeit scarce farming lands, rich mineral deposits of diamonds, iron, bauxite, gold, manganese, uranium and natural gas, in addition to a considerable volume of oil reserves with a highly valuable production. Oil exploration in Angola was initially carried out onshore by state-owned company Sonangol, but later on production moved offshore, to the continental platform - far from war operations and is currently carried out by numerous foreign companies, both European and North American, such as British Petroleum, Fina Total, Shell, Chevron and Texaco, Exxon Mobil, Statoil and AGIP, by means of oil rigs authorized by the State through production sharing agreements. This concession system has increased the search for oilfields, which in turn has enabled findings and crude oil production to increase in the last few decades, going from some 100,000 barrels per day in 1976 to 2,1 million barrels per day in 2009, which is 2.3% of world oil production at present.

Chapter

THE POWER OF OIL IN ANGOLA

THE POWER OF OIL IN ANGOLA

Library of Congress Cataloging-in-Publication Data

CONTENTS

PREFACE

AUTHORS AFFILIATIONS

Chapter I ANGOLA, THE STUDY OF AN OIL-PRODUCING COUNTRY IN AFRICA

1. INTRODUCTION

2. THE COMPLEX SOCIOECONOMIC AND TERRITORIAL REALITY OF ANGOLA

Chapter II TERRITORY, NATURAL RESOURCES AND POPULATION

1. AN EXTENSIVE COUNTRY WITH ABUNDANT NATURAL RESOURCES

2. A POPULATION AFFECTED BY TROPICAL AND NUTRITIONAL DISEASES

Chapter III THE STRUGGLE FOR POLITICAL POWER,THE CORRUPTION AND POVERTY

1. THE STRUGGLE FOR CONTROL OF POLITICAL POWERAND THE EXPLOITATION OF RESOURCES

2. THE CONSEQUENCES OF WAR

3. THE POLITICAL CORRUPTION AND POVERTY

4. THE GOVERNING ELITE

Chapter IV OIL EXPLOITATION

1. THE BEGINNINGS OF WORLD OIL EXPLOITATION

2. THE BEGINNINGS OF OIL EXPLOITATION IN ANGOLA

3. CURRENT OIL EXPLOITATION IN ANGOLA

4. THE NATIONAL FUEL CORPORATION, SONANGOL

5. CONCESSIONS AWARDED TO OIL COMPANIES

6. ENVIRONMENTAL COSTS OF OIL ACTIVITY

Chapter V THE SOCIAL RESPONSIBILITY OF OIL COMPANIES

1. THE CONCEPT OF CORPORATE SOCIAL RESPONSIBILITY

2. ENVIRONMENTAL RESPONSIBILITY OF OIL COMPANIES IN ANGOLA

Chapter VI THE ECONOMY OF A DEVELOPING OIL-PRODUCING COUNTRY

1. CONSEQUENCES OF THE WAR ON THE ANGOLAN ECONOMY

2. THE ECONOMIC IMPORTANCE OF OIL ACTIVITY

3. THE ECONOMY OF NON-OIL SECTORS

4. THE DEBATE ABOUT ANGOLA’S SOCIOECONOMIC DEVELOPMENT

Chapter VII CONCLUSION

REFERENCES

INDEX

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