Hopes that Biden's Angola trip may help lower pressure on oil markets
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Euronews.com
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US President Joe Biden will visit Angola for the first time, fulfilling a 2022 promise. The three-day trip aims to strengthen US presence in the resource-rich region and counter China's influence. Market participants are keen on Biden's signals regarding oil infrastructure investment. Angola has significant oil and gas reserves and is a leading producer in Africa. The trip includes a focus on the Lobito Corridor railway project to transport critical minerals. Biden pledged $55bn in investments for Africa, while China committed $50bn through its Belt and Road Initiative. Teljes cikk (Euronews.com)