Angola economy to grow 20 pct in 2008-World Bank

LISBON, July 28 (Reuters) - The World Bank expects Angola's oil-rich economy to grow by 20 percent in 2008, with growth slowing to between 10-11 percent next year, the World Bank's director for Angola said on Monday.

In an interview with Reuters, Alberto Chueca said GDP growth was expected to slow as Angola's daily oil production stabilised at about two millions barrels per day after years of sharp increases in output.

"We do not expect an increase in the barrel of petrol (price) and since (Angola) already reached the top of OPEC's production cap we think next year growth will be around 10-11 percent," Chueca said. He also praised Angola's government for making its economy more transparent. (Reporting by Henrique Almeida; editing by Paul Simao)