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
1960s in Angola exports doubled between 1965 and 1970 to 170 million pounds. In the district of Huambo, between 1968 and 1970 white-owned land more than doubled from 249,039 hectares to 526,270 hectares. Native-owned land decreased by 36.5%. The average African farm's gross income declined between 1964 and 1970 from $98.00 to $35.00 Portuguese petroleum-production began in Congo basin in the 1960s, and in the exclave of Cabinda in 1968. Now the petroleum industry is the engine of the Angolan economy. 1960s in Angola The 1960s in Angola were marked by the War of Independence (1961–1975). Portuguese police arrested Agostinho Neto of the