Angola's missing oil billions.

Position:Business Briefs - Brief Article
 
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A study into Angola's revenue accounts that compares state and oil company financial data has found that billions of dollars are missing. Numbers that do nor tally occur mainly in the vast oil-backed loans used by the state to buy arms and prop up thc war battered economy, economists and analysts engaged in the study have found. "The problem is that the loans are a black hole and no-one knows exactly how much money has gone missing," says one economist.

The...

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