Angola displaces Nigeria to become Africa's top oil producer - OPEC

Claudex

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I think you angolans have some bad chick's too, since brazilian blacks are descended from there :ahh:

Yeah brazilian blacks prefer european countries, i have relatives living there but i can't imagine myself walking among those white pigs all the time :scust:

Oh for sure we do have some baddies over here too :obama: was just requesting the descendants for variety's sake. :lolbron:
Can't really talk about Brazilians black prefering european countries, it's the same thing with Angolans travelling to portugal in large numbers.:snoop:
 

Claudex

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I hear that but why Angola population being effect by slave trade any different from west Africa and others that suffered from it?

Basically what I'm saying is what makes Angola population decrease so bad than others?

Oh that's because the Portuguese had such a strong hold of the northern coast of Angola that sending slaves from Angola was easier, which means many Africans would be captured from African West Coast countries and brought to Benguela to be shipped to Brazil/America, and then Europe.

A lot of the ancestors last view of Africa was an Angolan slave port.
 

Red Shield

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Yes every country goes through tough shyt, but what Africa as a continent – not even just countries, but as a continent – went through is on a whole other level from just what every country in the world went through. And Angola got a big brunt of it, since Luanda/Benguela were the main ports for the triangular trade.

So every other nation's woes doesn't even make me shed a tear 'cause I know just how bad black people worldwide got it and how it's incomparable. And that's my argument to the "well, everybody else got it bad too boohoo" trope.


Africa isn't the only continent to get rocked.
 

Claudex

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idk us in the diaspora went through some shyt too:francis:

Most of Africa wasn't penetrated nh by the euros until the 19th century

My point is, Angola and Congo weren't really most of Africa. Their stories are somewhat different because the first point of connection Colonial Europeans-Africa was Congo – which is north of Angola – through the Zaire river. For a lot of the African countries colonialism is a bit softer compared to the places where the first Europeans made their turf, namely Angola and Congo. But when I say a bit, I mean just a bit really. 'Cause they still felt the brunt of colonialism same as us.
 

BigMan

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I hear that but why Angola population being effect by slave trade any different from west Africa and others that suffered from it?

Basically what I'm saying is what makes Angola population decrease so bad than others?
the Portuguese were in Angola/Kongo since the 16th century and slaves were taken since then til the end of the 19th century

This plus constant wars led to severe depopulation, more so than other places
 

Claudex

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And @Dip the way I personally feel about the diaspora is that the diaspora is just an extension of the continent, even though it is its own entity at this point. And I believe the diaspora does go through issues, same as folks in the continent and that – because they're in enemy territory – the way the diaspora deals/interprets with these issues is slightly different. And that difference is well appreciated by the continent proven by how influenced Africa is by the diaspora as well.

As an African man honestly I'm proud of the diaspora, just based on how African-Americans, and African-Europeans, And Afro-Brazilians influence the respective lands they were initially trafficked to, and I know of the influences because I read and learn and analyse and compare. It gives me an appreciation for the black man/woman as a whole every time I hear of a success story in the continent or abroad, and I understand all the failures – I use this word here very very loosely – because I understand why they failed.
 

BigMan

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And @Dip the way I personally feel about the diaspora is that the diaspora is just an extension of the continent, even though it is its own entity at this point. And I believe the diaspora does go through issues, same as folks in the continent and that – because they're in enemy territory – the way the diaspora deals/interprets with these issues is slightly different. And that difference is well appreciated by the continent proven by how influenced Africa is by the diaspora as well.

As an African man honestly I'm proud of the diaspora, just based on how African-Americans, and African-Europeans, And Afro-Brazilians influence the respective lands they were initially trafficked to, and I know of the influences because I read and learn and analyse and compare. It gives me an appreciation for the black man/woman as a whole every time I hear of a success story in the continent or abroad, and I understand all the failures – I use this word here very very loosely – because I understand why they failed.
:salute:

Check these out when you have a chance Afro-Atlantic 001: Cuba and Yoruba

Afro-Atlantic 002: Jamaica and the Akan

@MansaMusa @KidStranglehold the root is attracting some good posters :smugdraper:
 

bnew

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Angola leaves OPEC in blow to oil producer group

By Miguel Gomes, Ahmad Ghaddar and Alex Lawler

December 21, 202312:06 PM ESTUpdated 19 min ago

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters in Vienna

[1/2]The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger/File Photo Acquire Licensing Rights


  • Angola minister says country gains nothing from OPEC membership
  • Angola had protested about cut in its output quota
  • Oil falls on concern about producer group unity

LUANDA/LONDON, Dec 21 (Reuters) - Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices.

Angola's Oil Minister Diamantino Azevedo said the Organization of the Petroleum Exporting Countries no longer served the country's interests. It joins other mid-sized producers Ecuador and Qatar that have left OPEC in the last decade.

"We feel that ... Angola currently gains nothing by remaining in the organisation and, in defense of its interests, decided to leave," Azevedo was quoted as saying in a presidency statement.

International oil prices dropped by as much as 2.4% on Thursday as analysts said the departure raised questions about the unity of OPEC and OPEC+, the wider group that includes Russia and other OPEC allies. OPEC+ implements a new round of oil-output cuts from January to try to strengthen the market.

"Prices fell on concern of the unity of OPEC+ as a group, but there is no indication that more heavyweights within the alliance intend to follow the path of Angola," UBS analyst Giovanni Staunovo said.

Angola's announced departure follows a protest from Angola about OPEC+'s decision to cut its output quota for 2024. The dispute helped to delay OPEC+'s last policy meeting in November and its agreement on new output curbs.

"This shows that there is no consensus within OPEC itself and this was for some time now," Ali Al-Riyami, former marketing director general at Oman's energy ministry, said.

"There will be consequences no doubt about it, but I don't think others (countries) will follow."

Nigeria is another African OPEC member that has been trying to boost output and has been struggling to meet its quota. At the November meeting, it received a higher OPEC+ target for 2024, although lower than it had sought, restricting its ability to increase production should it be able to do so.

OPEC did not reply to a request for comment.


FALLING MARKET SHARE

Three OPEC delegates who spoke on condition of anonymity said Angola's decision to leave came as a surprise, as they had expected the dispute over Angola's quota to blow over.

Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day, compared with 28 million bpd for the whole group.

Angola's departure will leave OPEC with 12 members and crude oil production of about 27 million bpd, some 27% of the 102 million bpd world oil market.

This further reduces OPEC's share of the world market, which stood at 34% in 2010.

As well as the exit of some members, OPEC and OPEC+ decisions to cut production and the rising output of non-OPEC countries including the United States have reduced its market share.

Brazil is expected to join OPEC+ in January but will not take part in the group's coordinated output caps.

Angola has been unable to produce enough oil to meet its OPEC+ quota in recent years, because of falling investment and a lack of big new oilfield developments.

It has struggled to reverse falling output since a peak of 2 million bpd in 2008 and expects to maintain current production into 2024, a senior government official said in October.

For Angola, oil and gas accounts for around 90% of total exports, an over-reliance the government has been seeking to reduce after the COVID-19 pandemic and lower global fuel prices hit the country's economy hard.

Several oil majors and independents operate in the southern African nation, including TotalEnergies (TTEF.PA), Chevron (CVX.N), ExxonMobil (XOM.N) and Azule Energy, a 50/50 venture between Eni and BP (BP.L).

Reporting by Miguel Gomes in Luanda, Ahmad Ghaddar, Alex Lawler and Natalie Grover in London, Wendell Roelf in Cape Town, Yousef Saba in Dubai; writing by Bhargav Acharya and Nellie Peyton; Editing by Alexander Winning, Jason Neely, Catherine Evans and Barbara Lewis
 
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