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
Angola–Cuba Declaration of 1984 declaration of independence. In response, Cuba intervened in favor of the MPLA, which became a flash point for the Cold War. With Cuban support, the MPLA held Luanda and declared independence on 11 November 1975, with Agostinho Neto becoming the first president, though the civil war continued. At this time, most of the half-million Portuguese who lived in Angola – and who had accounted for the majority of the skilled workers in public administration, agriculture, industries and trade – fled the country, leaving its once prosperous and growing economy in a state of bankruptcy. Cuban intervention in Angola is believed