Russia¡¯s diamond mining company, Alrosa, has been awarded an oil license from the government of Angola. A consortium of companies made up of Alrosa, Angola's state-run oil and gas firm Sonangol, and indigenous oil company Dark Oil, will explore onshore deposits in the areas of the Lower Congo, Upper Kwanza, Etosha, Okavango, and Kassanje. and will also work offshore on Angola's sea shelf under the Atlantic ocean.
"Angola is one of the biggest oil suppliers in Africa. For the moment we're only geographically exploring. It's too early to give amounts on how much we expect to extract," said Alrosa's spokesman Andrei Polyakov, adding Alrosa is the first Russian company to be given oil exploration licenses in Angola.
In April of this year, Alrosa's president Sergei Vybornov said the company would make an initial investment of $30 million to explore Angolan oil opportunities and at that time, he also said that he expected to find a Russian partner to undertake the project.
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