Angola offered China oil acreage for debt-repayment moratorium

Luanda government offered upstream acreage equity to CNOOC Ltd in exchange for debt-payment suspension, but proposal seems to have foundered

Deal or no deal: the Marginal district in Luanda
Deal or no deal: the Marginal district in LuandaPhoto: AFP/SCANPIX
Published 14 January 2021, 09:12Updated 14 January 2021, 10:03