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An oil and gas drilling rig operating in Angola comes to Walvis Bay, Namibia for maintenance. Photo: Getty Images.

An era is ending in Angola, as one of Africa's longest-serving leaders, President José Eduardo dos Santos, steps down after 37 years in power. What happens next is significant not only to Angola, but to Africa and the world, particularly those dependent on Angola’s vast oil reserves.

Angola’s international strategic importance is built upon oil. Many international oil companies operate in Angola, including U.S. supermajors Exxon and Chevron. Due to US shale oil and gas production, there has been a sharp decline in American demand for Angola’s oil and Luanda, Angola’s capital, is increasingly reliant on Beijing and other Asian partners as markets.…  Seguir leyendo »