Angolan state-owned oil company has concluded the signing of 32 contracts of share of oil production with exploration companies recently.

According to Angolan Press Agency ANGOP on Tuesday in Luanda, the accords will grant Angolan State a revenue estimated at 3.1 billion U.S. dollars

The signing session had the participation of eight Angolan firms, which should give their participation in the national oil exploration process.

The report said the tenders started September 2005 and ended last May 31.

Source: Xinhua