Corruption bureaucracy and a strong state presence are major risks. Local content policy is mitigated by a pragmatism. The fiscal system is stable. Angola joined OPEC in 2007 but no production cuts have yet been enforced. Gas monetisation will improve once the beleaguered LNG plant re starts operations. Low oil prices heighten currency risk. Angola s president has been in power since 1979 providing stability labour activism and civil unrest are low but succession is a growing uncertainty.