End of an era in Angola?
Angola's controversial leader has relinquished his post, but it's hard to tell whether this will herald a clean break with a murky past for the country and its state oil company
Angola's president, José Eduardo dos Santos, stepped down in August, following nearly four decades in power, during which the country's oil wealth expanded dramatically following the bloody civil war that ended in 2002. This produced little economic benefit for much of the country's still largely impoverished population, but many accusations of rampant corruption. At the time of writing, it was expected that Dos Santos' successor, following the 23 August presidential elections, would be 62-year-old defence minister João Lourenço, the candidate of the ruling Popular Movement for the Liberation of Angola (MPLA). Lourenço vowed to fight corruption, increase transparency and welcome foreign inve
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away






