Angola, Brazil: A Line of Credit and a Leg Up

With the announcement of an additional $1 billion line of credit, Brazil has advanced the lead it holds as the largest foreign investor in rebuilding Angola's civil war-ravaged infrastructure. But from Brazil's perspective, there is more to it than simply gaining construction contracts in Angola. The biggest motivation is likely linked to Brazil's desire for Petroleo Brasileiro to increase its foothold in the oil deposits waiting to be tapped off Angolan shores.