Group Sonangol (Portuguese: Grupo Sonangol) is a parastatal that formerly oversaw petroleum and natural gas production in Angola.[1] The group consisted of Sonangol E.P. (Portuguese: Sociedade Nacional de Combustíveis de Angola, E.P.) and its many subsidiaries. The subsidiaries generally had Sonangol E.P. as a primary client, along with other corporate, commercial, and individual clients. Angola is estimated to have over 5 billion barrels (790,000,000 m3) of offshore and coastal petroleum reserves, and new discoveries are outpacing consumption by a 5-to-1 ratio.
In February 2019, the government transferred the industry regulation functions of Sonangol to a new government agency, the National Oil, Gas and Biofuel Agency (ANPG). The ANPG also gained from Sonangol the right to award fossil fuel exploration, development, and production contracts.
^Heller, Patrick R. P. (2011), Victor, David G.; Hults, David R.; Thurber, Mark C. (eds.), "Angola's Sonangol: dexterous right hand of the state", Oil and Governance: State-Owned Enterprises and the World Energy Supply, Cambridge University Press, pp. 836–884, doi:10.1017/cbo9780511784057.022, ISBN 978-0-511-78405-7
GroupSonangol (Portuguese: Grupo Sonangol) is a parastatal that formerly oversaw petroleum and natural gas production in Angola. The group consisted...
by market capitalization Fortune Global 500 Forbes Global 2000 Notes SonangolGroup reported 2017 revenues of Kz2.916 trillion. The yearly average exchange...
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(320,000 m3/d) by 2007. Control of the oil industry is consolidated in SonangolGroup, a conglomerate owned by the Angolan government. In December 2006, Angola...
10% stake in an oil and gas field offshore Angola for $590 million to SonangolGroup. In October 2014, the company sold its business in Norway to Det Norske...
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(320×10^3 m3/d) by 2007. Control of the oil industry is consolidated in SonangolGroup, a conglomerate owned by the Angolan government. With revenues booming...
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reached an agreement to sell its Angolan assets for $1.75 billion to SonangolGroup. However, the deal fell through after Isabel dos Santos took over the...
typically uses this plane for SonAir, the air transport division of SonangolGroup, an Angolan state-owned oil company. On 8 July 2016, the newly converted...
article, BCG was contracted by the Angolan state-owned petroleum company Sonangol, as well as the jewelry company De Grisogono, owned by her husband through...
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station is owned and operated by Luxerviza, a subsidiary company of the SonangolGroup, that manages natural gas plants. The power station supplies electricity...
two leaders signed many economic deals between Eni and the Angolan SonangolGroup. On 27 November Gentiloni paid tribute to Agostinho Neto's memorial...
comprising Eni, the Italian energy multinational, in collaboration with Sonangol, the Angolan energy parastatal. On 31 May 2023, 25 MW of power came online...
business based in Luanda In June 2016, her father appointed her as chair of Sonangol, the Angolan state oil company. In November 2017, João Lourenço, the new...
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