Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a sign the country is committed to reforming its oil industry. For years OPEC member Angola has largely relied on commodities trader Trafigura for fuel imports. The trader still supplies gasoil but major competitor Vitol recently edged in to supply the country with gasoline. Heavily reliant on oil sales for government income, Angola was crushed by the 2014 oil price crash, which pushed its economy into recession and created foreign currency shortages that crippled business. President Joao Lourenco has committed to economic reforms and ordered a review of the country’s oil industry after he took office last September, succeeding Jose Eduardo dos Santos who stepped down after 38 years in power. Lourenco also sacked the former president’s daughter […]