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Price Rise a Good News – Official |
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Crude oil price rise traded in New York at Usd 100,05 a
barrel, is a good new to Angola.
This was said in Luanda by the administrator of Angola’s
Oil Company (Sonangol),Sianga Abílio.
The official who was speaking to journalists on the fringes
of the yearend compliments ceremony, said the oil price
rise might have an immediate impact on
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the actions currently underway
in the country and on the national economy.
According to him, this will permit the Government to resolve,
among other issues, the rehabilitation of infrastructures
of the country, as part of the reconstruction effort in progress
in the country.
He said although they are floating prices, the country could
hold out a hope that this will attract resources for the accomplishment
of programme designed by the Government for 2008.
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Crude oil prices went up beyond
Usd 100, after the US Department of Energy revealed that the reserves
dropped more than expected last week.
The oil reserves dropped from 4.06 million barrels to 289.6 million,
a fall much above the 2.25 million predicted by the average international
analysts.
This unexpected fall in the reserves, coupled with the re-start
of violence in Nigeria, led the oil barrel price to surpass the
Usd 100 rate on Wednesday for the first time. Source: Angop |
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