Economy of Angola the skills and knowledge needed to run the country and maintain its well-developed infrastructure. The Angolan government created Sonangol, a state-run oil company, in 1976. Two years later Sonangol received the rights to oil exploration and production in all of Angola. After independence from Portugal in 1975, Angola was ravaged by a horrific civil war between 1975 and 2002. United Nations Angola Verification Mission III and MONUA spent USD1.5 billion overseeing implementation of the Lusaka Protocol, a 1994 peace accord that ultimately failed to end the civil war. The protocol prohibited UNITA from buying foreign arms, a provision the United
1970s in Angola 1970s in Angola The 1970s in Angola, a time of political and military turbulence, saw the end of Angola's War of Independence (1961–1975) and the outbreak of civil war (1975–2002). Agostinho Neto, the leader of the People's Movement for the Liberation of Angola (MPLA), declared the independence of the People's Republic of Angola on November 11, 1975, in accordance with the Alvor Accords. UNITA and the FNLA also declared Angolan independence as the Social Democratic Republic of Angola based in Huambo and the Democratic Republic of Angola based in Ambriz. FLEC, armed and backed by the French government, declared the