Ver Angola


Sonangol has already sold 24 assets and hopes to privatize another seven this year

Sonangol has already sold a total of 24 assets, which yielded 130 million dollars, and is in negotiations to privatize another seven this year, the chairman of the board of directors of the state-owned oil company said on Friday.


"This total of alienated assets allows us to say that we have contracted, in terms of alienation, the equivalent of a collection of 130 million dollars", said Gaspar Martins, in a press conference.

The chairman of the Board of Directors of the National Society of Combustíveis de Angola (Sonangol) assured that the company collected the amounts as the assets were negotiated, noting that those that were not received in their entirety are the result of the way in which they were sold.

"Of the first ones we have there, for example for 2022, the values of 48 million dollars are assured and 130 million dollars that we have contracted, more than 30 percent at least are already assured, which does not mean that we will not receive all values", he added.

Gaspar Martins gave as an example the buildings of the first privatized phase on Avenida da República, in Portugal, whose values "are with Sonangol".

The company also informed that 24 assets were privatized, 18 are in the process of being foreclosed and 13 others are yet to be sold, of which seven are expected to be sold in the current year.

Regarding the sale of six oil blocks, namely blocks 3/05, 15/06, 18, 23, 27 and 31, the executive director of Sonangol, Joaquim Fernandes, stressed that the prospect of initial revenue is around 860 million of dollars, which could reach around 1.1 billion dollars.

Joaquim Fernandes said that the companies for the sale of the blocks had already been decided, namely block 3/05 to Afentra (24 percent), 06/15 to the Namcor/Sequa/Petrolog consortium (10 percent), 18 to the Somoil/Sirius consortium (8.28 percent), 23 to the Namcor/Sequa/Petrolog consortium (40 percent) and Afentra (40 percent), 27 (Somoil/Sirius (25 percent) and Namcor/Sequa/ Petrolog (35 percent) , and 31 to Somoil/Sirius (10 percent).

According to the administrator, negotiations are currently underway for the purchase and sale contracts and subsequently the risk payment procedures.

"It is the 'down payment' that guarantees the commitment to carry out the tenders and at the moment around 23 million dollars have been raised, the rest will be received as soon as several previous aspects are concluded, which will be the purchase and sale contracts and also the issuance executive decrees, which will guarantee the entry of these entities", he stressed.


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