Companies
Sonangol: exploring for liquid and gaseous hydrocarbons
Sonangol is committed to becoming a benchmark in the African market and fulfilling the task of becoming an integrated company in Angola.
Headline
Sonangol is committed to becoming a benchmark in the African market and fulfilling the task of becoming an integrated company in Angola.
Context
Sonangol — Sociedade Nacional de Combustíveis de Angola, EP is a state-owned company in the Angolan oil sector dedicated to the exploration of liquid and gaseous hydrocarbons in Angola’s subsoil and continental shelf, responsible for the exploration, production and manufacture of Angolan hydrocarbons for transport and commercialisation. Operating in an efficient, safe and transparent manner, we are committed to environmental protection, promoting the harmonious development of the country and strengthening the sustainable use of the country’s oil and gas resources.
Evidence
Pending intelligence enrichment.
Analysis
Shortly before Angola ‘s independence, a working group was set up within the oil industry to support the industry and mobilise Angolans working in the sector. The task force aims to develop a strategy that would allow oil production exploration activities to continue after independence is declared. Subsequently, the working group gave way to the National Petroleum Industry Reform Commission . In 1976, the ANGOL Sociedade de Lubrificantes e Combustiveis, Sarl was nationalised, creating Sonangol and the National Oil Agency, which came under the Ministry of Industry. Founded in 1953, ANGOL is a subsidiary of SACOR, engaged in the marketing and distribution of fuels, lubricants and liquefied gas in Angola. Decree No. 52/76 establishes Sonangol – Sociedade Nacional de Combustiveis de Angola – as a state-owned company dedicated to managing the exploration of Angola’s hydrocarbon resources. However, despite the fact that the Angolan National Company is its sole shareholder, Sonangol has always been managed like a private company in accordance with strict performance standards to ensure overall efficiency and productivity. Shortly after the establishment of Sonangol, in order to establish the infrastructure to ensure the smooth operation of Sonangol, a management committee was formed, followed by the formation of the Sonangol Central Core. After independence, several companies operating locally left the country, leaving infrastructure and staff behind. As a result, Sonangol purchased the facilities from Texaco, Fina and Shell and took over the facilities from Mobil under the agreement. In the process, Sonangol also absorbed former workers from these oil companies who were looking for jobs.
Key Points
- Its main activities cover the exploration, research, development, production, transportation, marketing, refining and conversion of liquid and gaseous hydrocarbons, as well as the supply, storage and distribution of their derivatives, including petrochemical activities, and may…
- Sonangol is committed to becoming a benchmark in the African market and fulfilling the task of becoming an integrated, competitive company and a force for change in Angola.
Actions
Pending intelligence enrichment.
