In its pre-1975 prime, the Angolan industrial sector centered on petroleum refining and machinery, construction inputs, food processing, electrical products, chemicals, steel, and vehicle assembly. As a consequence of the civil war, Angola's industrial sector started operating at a fraction of prewar levels.

Industrial production during the 1990s included food processing and the production of textiles, soap, shoes, matches, paint, plastic bottles, and glues. In 1993, industrial production also included 9,000 tons of crude steel, 250,000 tons of cement, and 9 million barrels of refined petroleum products. Heavy industry for that year (cement, steel, oil refining, vehicle assembly, and tire production) accounted for about 15% of Angola's manufacturing output. Angola is now an importer of machinery, vehicles, and spare parts.

Angola is the second largest oil producer in sub-Saharan Africa, behind Nigeria. In 2002, the petroleum industry accounted for about half of the GDP and over 90 percent of export revenues. Sonangol is the state-owned oil company, which controls exploration and production, although foreign companies participate in joint ventures and production sharing agreements. Oil production was expected to surpass 1 million barrels per day in 2003. Angola has one oil refinery in Luanda, with a crude oil processing capacity of 39,000 barrels per day, but is planning to build a 200,000-barrels per day refinery in Lobito. Angolan oil exports to Asia are growing, and China's oil imports from Angola grew by more than 400% in 2001. The government stated in 2003 that foreign oil companies would invest $25 billion in Angola over a five year period, by building offshore production ships and a liquefied natural gas plant, among other projects. Read more: Angola is the second largest oil producer in sub-Saharan Africa, behind Nigeria. In 2002, the petroleum industry accounted for about half of the GDP and over 90 percent of export revenues. Sonangol is the state-owned oil company, which controls exploration and production, although foreign companies participate in joint ventures and production sharing agreements. Oil production was expected to surpass 1 million barrels per day in 2003. Angola has one oil refinery in Luanda, with a crude oil processing capacity of 39,000 barrels per day, but is planning to build a 200,000-barrels per day refinery in Lobito. Angolan oil exports to Asia are growing, and China's oil imports from Angola grew by more than 400% in 2001. The government stated in 2003 that foreign oil companies would invest $25 billion in Angola over a five year period, by building offshore production ships and a liquefied natural gas plant, among other projects.

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