70 MINERALS YEARBOOK, 1978-79 
 
$30 million over 5 years in offshore oil prospecting. Total-CAP will be operator
in a 4,000-square-kilometer tract offshore of Luanda An agreement signed
with Brazil's state-run oil company Petrobras in early May 1979 was to increase
Braziian-Angolan cooperation in several areas. Angola was to purchase oil
rigs, drills, and other materials from Brazil, and Petrobras' international
branch, Braspetro, was also to train Angolans in various aspects of oil production.
The arrangement also included the provision of petroleum to Brazil. 
 Under a cooperation agreement signed with the Soviet Union, Sonangol will
receive aid in offshore drilling operations and assistance with construction
of a refined petroleum product storage facility. The Soviet Union will also
train Angolan technicians. Sonangol also signed a cooperation agreement with
Petrogal, the Portuguese nationalized oil company, for an interchange of
technical expertise and future contracts for processing for crude oil at
Portugal's main refineries at Sines, south of Lisbon. 
 Angola reported domestic petroleum products consumption of 2 million barrels
for 1976, 2.6 million barrels for 1977, and 3 million barrels for 1978. A
90% increase in domestic consumption of petroleum products was anticipated
for 1979.20 Efforts to improve petroleum product supply service between Luanda
and Cabinda included the acquisition in 1979 of a new petroleum tanker, Ngoleo,
from Portugal. The new tanker allowed for more economical connections between
the Luanda refinery and 
Cabinda Province. New bulk fuel storage facilities were also commissioned
in Cabin' da, and a provincial agency for marketing fuel products through
Sonangol was established to improve distribution of petroleum products in
Cabinda. The tanker had a liquid capacity of 300 cubic meter8 and could carry
about 4 tons of miscellaneous cargo on deck. 
 
 ' Physical scientist, Branch of Foreign Data. 
 ' Barclays Bank Group Economics Dept. ABECOR Country Report December 1979,2
pp. 
 ' Angola's domestic currenc)' is the kwanza. 1 kwanza = 100 lwei. No currrent
foreign exchange statistics are available. The kwanza replaced the Añgolan
esdudo. 
 4Africa Report Southern Africa, Angola. V. 24, No.6, September-October 1979,
p.37. 
 Jornal de Angola (Luanda). Law on State Ownership of Mineral Resources Promulgated
May 11, 1979, pp 1,6. 
 6Journal de Angola (Luanda). Meeting To Discuss Future Plans for Mineral
Resources. Oct. 9, 1979, pp. 1,7. 
 7Marches Tropicaux et Mediterraneens (Paris). BengueIa Railroad Stockholders.
Nov 17,1918, p. 3050. 
 5Marches Tropicau~c et Mediterraneens (Paris). Cement Exports. Aug. 10,
1979, p. 2234. 
 5Marches Trop,caux et Mediterraneene (Paris). Export Statistics. Feb. 15,
1980, p.399. 
 ' °Business America (US. Dept of Commerce). South Africa. V.2, No.3,
Jan. 29,1979, p.47 
 "Metal Bulletin (London). Zambia's Cobalt Find. No. 6355, Jan. 9,1919,
p.21.

 ' 2Marches Tropicaux et Mediterranéena (Paris). Iron Ore Contract.
July 6, 1979, p. 1943. 
 "Jornal de Angola (Luanda). Exports to Japan. July 26, 1978, p. 1.

 ' °Industries et Travaux lYOutre-mer (Paris). Nationalization de
La.
Société du Ciment Sedil Ultramar (Nationalization of
the Secil
Ultramar Cement Company). No.299, October 1978, p. 759. 
 "Jornal de Angola (Luanda). Government Scored Portuguese for Freezing
Diamang
Holdings Mar. 1,1978, p.1,6. 
 ' 6World Oil. World Trends. Aug. 15, 1979, p. 64. 
 "Jornal de Angola (Luanda). Sonangol, New Tanker, Foreign Oil Companies
Activities Reviewed. May 23,1919, pp.3,6. 
 ' 5Petroleum Economist (London). Angola. 1979, V .46, No. 10, October, p.
433. 
 ' 9West Africa (London). Details on French Oil Deal. Nov. 5, 1979, p. 2056.

 20Work cited in footnote 17.