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Article: Angola's Decision Makers.
- Article from:
- APS Review Gas Market Trends
- Article date:
- February 26, 2007
CopyrightCOPYRIGHT 2007 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With an elaborate government and decision making system in Angola, the state-owned Sociedade Nacional de Combustiveis de Angola (Sonangol) is the engineer of all E&P and downstream deals in Angola. It is the sole issuer of E&P blocks and regulator of E&P operations.
Sonangol, however, also acts as a commercial company, competing with foreign firms for upstream and other businesses in Angola and abroad. By 2006, Sonangol had over 30 subsidiaries and maintained facilities in Brazzaville, Congo; Hong Kong, Houston, London, and Singapore (see omt9-AngolaFeb26-07).
In Angola very few international oil companies (IOCs) are operating in what looks like a closed ...