According to the National fuel Society of Angola (Sonangol), in statement released in Luanda, it was established that the country will reduce oil production in 1,673,000. The cut is smaller the reference value 78000 considered by OPEC, which is 1,751,000 barrels per day.
Sonangol informed also that instructed the various operators in the country formally on limitation of monthly production by grant, based on the current production potential of each one and their respective schedules.
The Organization of petroleum exporting countries (OPEC) awoke the day November 30 2016, that the reduction in oil production to 2017 will fall from 33,700,000 to 32,500,000 bpd.
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