A new multinational joint venture aims to become Angola’s largest oil producer. International oil companies Eni and BP have formed a new joint venture in Angola, which is expected to become the country’s largest oil producer.

The Italian and United Kingdom-headquartered companies will each own 50% of Azule Energy, which owns stakes in 16 Angolan exploration licences and is involved in the country’s liquefied natural gas (LNG) joint venture.

For more information, please see https://iclg.com/alb/17759-new-oil-company-for-angola