Norsk Hydro hosted an Oct. 26 meeting in Oslo between an Angolan delegation, key Norwegian foreign ministry personnel and several top-level Norwegian industry representatives.
The event was held on behalf of the Norwegian internationalization program Intsok, a cooperative venture established in 1997 by Norway's oil and gas industry and the Norwegian government as a means to help Norway's offshore industry expand abroad.
Norwegian industry reps expressed their desire to help develop Angola's offshore oil and gas industry. Norwegian participants included officials with Norsk Hydro, Kvaerner Oil & Gas, Aker Maritime, FMC Kongsberg Subsea, Statoil International, the Norwegian export credit agency Eksportfinans and Norfund, the Norwegian Investment Fund for Developing Countries.
Sonangol officials told the Norwegians that the Angolan government has stabilized previous hyper-inflated currency exchange conditions and were seriously working to reduce foreign debt.
© 2000 Mena Report (www.menareport.com)