With production close to a two-year low, presidential action in OPEC-member Angola has the potential to reverse a steady decline, analysis finds. “Low oil prices and the fact that the majority of untapped oil reserves are located in deep and ultra-deep waters, which are more costly to develop, have discouraged foreign investors since 2014,” Maja Bovcon, a senior analyst for Africa at Verisk Maplecroft, said in a brief emailed Friday to UPI. Secondary sources reporting to economists at the Organization of Petroleum Exporting Countries estimated Angola produced around 1.5 million barrels of oil per day last month, down more than 80,000 bpd from February. Angola is the second-largest oil producer in Africa, though a period of lower oil prices and field maturation are curbing its potential. […]