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Article: ANGOLA - Oil & Gas History.
- Article from:
- APS Review Oil 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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From the nationalisation of ANGOL in 1976, two companies were formed: Sonangol UEE and Direccao Nacional de Petroleos. ANGOL Sociedade de Lubrificantes e Combustiveis Sarl, which was founded in 1953 as a unit of the Portuguese company SACOR, marketed and distributed fuels, lubricants and LPG in Angola. Decree 52/76 instituted Sonangol as a state-owned company whose mission was the management of hydrocarbon resource E&P in Angola. Despite having the government as the sole shareholder, it says, "Sonangol has always been governed as a private company and is under strict performance standards to ensure efficiency and productivity".
After the incorporation of ...
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Article: Angola uses Sonangol to diversify, invest overseas.
International Petroleum Finance;
October 1, 2008 ;
700+ words
... ... Santos. Currently, Sonangol is mainly targeting Angola-based finance and energy ... example, one recent Sonangol target, Banco Fomento Angola (BFA), accounts for ... and retail interests in Angola. Sonangol has a 45% stake in Amorim ...
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