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The dual nature of local content in Angola's oil and gas industry: development vs. elite accumulation

Lookup NU author(s): Dr Jesse Salah Ovadia

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Abstract

After decades of underdevelopment and conflict in the face of massive resource wealth, Angola is putting in place new strategies to dramatically increase its participation in its oil & gas and related services sectors. Although ‘local content’, or ‘Angolanizac¸a˜o’, has been in place for decades, it has largely failed to increase the developmental benefits accruing from the country’s resource wealth. The new local content push is likely to succeed at promoting economic growth. However, the policies have also become important mechanisms for unequal growth and new forms of elite accumulation. This paper reviews the historical context, legal framework, and current impact of local content in order to emphasise their dualrole in creating development while concentrating elite power in Angola.

Publication metadata

Author(s): Ovadia JS

Publication type: Article

Publication status: Published

Journal: Journal of Contemporary African Studies

Year: 2012

Volume: 30

Issue: 3

Pages: 395-417

Print publication date: 02/08/2012

ISSN (print): 0258-9001

ISSN (electronic): 1469-9397

Publisher: Routledge

URL: http://dx.doi.org/10.1080/02589001.2012.701846

DOI: 10.1080/02589001.2012.701846

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