Angola: new foreign exchange regime for the petroleum industry

From 1 October 2012 onwards, oil companies (including operators) will be required to make all payments for goods and services supplied by FX residents out of bank accounts domiciled in Angola, whether in national or foreign currency – this is only one of the aspects of the Foreign Exchange Law for the Petroleum Sector dated 12 January 2012.

Angola: New Foreign Exchange Regime for the Petroleum Industry 

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