MORE ANGOLA LICENSES TO BE ISSUED

Negotiations for several Angolan exploration licenses are progressing, despite recent civil war. Five groups may win production sharing agreements by yearend, predicts Wood Mackenzie Consultants Ltd., Edinburgh. A group led by FINA Petroleos de Angola is negotiating for Cabinda South onshore block. Because guerillas captured much of the Cabinda enclave, it is unlikely exploration will begin until security improves.

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