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The Independent UK

National

Via AP news wire

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

OPEC Oil Angola

Copyright 2022 The Associated Press. All rights reserved

Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year.

Diamantino de Azevedo, the African nation's oil minister, said Angola “does not gain anything by remaining in the organization,” according to state news agency Angop. The country joined OPEC in 2007.

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