Angola Vows to End Fuel Shortage Sparked by Currency Crunch

  • ‘Lack of dialog’ between state institutions blamed for crisis
  • Motorists queue for hours as some gas station run out of fuel

A Sonangol (Angolan national petrol and oil company) petrol station in the city of Luanda in the capital of Angola.

Photographer: Rodger Bosch/AFP via Getty Images

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Angola is taking measures to end a fuel shortageBloomberg Terminal at gas stations across the country that left hundreds of motorists stranded and risked paralyzing some sectors of the economy.

President Joao Lourenco met with officials from the oil industry on Tuesday to discuss the matter, his office said in an emailed statement. State-owned oil company Sonangol, which is responsible for importing refined products, acknowledged in a statement on May 4 that a lack of dollars to import fuel was the main reason for the crunch.