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International Business Times
International Business Times
Business
AFP News

Angola To Quit OPEC Over Oil Production Quotas Disagreement

OPEC Angola Oil João Lourenço TPA
Angola is one of the largest oil exporters in Sub-Saharan Africa, alongside Nigeria (Credit: AFP)

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year.

Mineral Resources and Petroleum minister Diamantino Azevedo said that the decision was not taken lightly, but OPEC membership no longer served the African country's interests.

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