Wed 14 Jun 2006
Chinese Premier Wen Jiabao is set to visit Angola as part of a seven-nation Africa trip beginning tomorrow. Why Angola? Well, Angola recently surpassed Saudi Arabia and Iran as China´s top provider of crude. That makes Angola a very important partner indeed. It also helps to explain why Chinese workers have been brought over to rehabilitate the Benguela Railway (part of China´s payment for future oil is to rehabilitate Angola infrastructure), which stretches from the Port of Lobito across Angola to Katanga in the Democratic Republic of Congo.
Angola is set to double its oil production in the next three years to reach two million barrels per day in 2008.