Sumbe – The African oil reserves reached to 119.14 billions of barrel in 2010.
This was said to Angop on Tuesday in the coastal Kwanza Sul province by the Oil Vice-minister, José Gualter Inocêncio, while addressing the first conference of directors and officials of traininy institutions of the member countries of the African Oil Producing Countries Association (APPA).
He said that the gas reserves reached to 495 trillions of cubic metres.
In addition, the official said that this growth happened on account of the investments made in the production of oil and gas.
According to him, the specific weight of production of crude oil and gas reflects on higher rates of 10 per cent in total of the world production reserves.
The meeting will end on Thursday.
APPA, which is currently chaired by Egypt, was founded in 1972 in Nigeria and it aims to promote cooperation among the member countries.
APPA is grouped by Algeria, Angola, Benin, Cameroon, Congo Brazzaville, DR Congo, Côte d'Ivoire, Egypt, Gabon, Equatorial Guinea, Libya, Nigeria, South Africa and Chad.