OVERVIEW AND TRADITIONAL SOURCES

Angola possesses rich and diversified energy resources. However, electricity generation for the country during 2003 (the most recent available statistics) was 1.9 billion kilowatt hours (Bkwh), reaching only 15% of Angola's population. Blackouts occur frequently, for those who do have access to electric power.

Angola had proven oil reserves of 5.4 billion barrels and natural gas reserves of 1.6 trillion cubic feet (TCF) as of January 2006; Angola has tripled its oil reserves in the last seven years. Angola is sub-Saharan Africa's second largest oil producer behind Nigeria. In 2005 Angolan oil consumption averaged 60,000 barrels per day (bpd).
However, oil consumption is expected to increase as Angola's infrastructure is refurbished and expanded. Approximately 90% of Angola's government revenue is derived from the sale of crude oil.