Ver Angola

Energy

Sonangol expects to receive 400 million dollars from the sale of stakes in eight oil blocks

More than 400 million dollars is how much the state oil company expects to receive from the partial sale of its shares in eight oil concessions.

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The information was released this Monday by the chairman of the Board of Directors (PCA) of Sonangol, Gaspar Martins, who was speaking at a meeting with journalists.

The official, quoted by Angop, informed that the process is still being evaluated and did not provide further details.

It is recalled that last week, Sonangol announced the sale of its participating interests in eight oil blocks (3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31) in production and exploration.

As part of the public tender, the flagship oil company's shares in the blocks in production were sold to Afentra (block 3/05), to Namcor, Sequa and Petrolog (block 15/06) and to Somoil and Sirius (blocks 18 and 31) .

For the exploration concessions, Namcor, Sequa and Petrolog and Afentra joined for block 23 and, still in the joint venture regime, Namcor, Sequa and Petrolog and Somoil and Sirius took block 27.

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