Angola Cuts Oil-For-Debt Exports To China

Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its international partners, Reuters reported on Friday, quoting sources with knowledge of the plans. The world’s top oil importer, China, is Angola’s primary creditor and the African country is repaying part of its debt to China with oil cargoes to its major state-owned oil firms.    However, the oil price crash and the COVID-19 pandemic has severely constrained Angola’s…