How is the Catholic University of Angola funded?
As per decree no. 20/82 approved by the Angolan government on April 17, 1982, petroleum companies operating in Angola are required to invest into educational and training programs the amount of $0.15 (15¢ of U.S. dollar) per barrel of oil produced. These funds are commonly known as “Training Levy Funds”. The Council of Ministers of the Republic of Angola approved on July 11, 1997, the decree no. 51/97, in an effort to provide a funding mechanism for higher education institutions in the country. The decree states that a portion of the Training Levy Funds, in the amount of 1¢ per oil barrel, will be used to finance the Catholic University. A similar decree (no. 46/97, also approved on July 11, 1997) allocates the same amount (1¢ per oil barrel) to provide supplementary financing for the Agostinho Neto State University. Angola produced some 300 millions barrels in 1998. Please see copies of a series of decrees passed by the Angolan government regarding the relationship between oil explora
