Ver Angola

Energy

Sonangol postpones start of sale of stakes in oil blocks until 14 June

Sonangol has postponed the launch of the partial sale of its holdings in oil blocks to June 14, at the Talatona Convention Center, the company announced.

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"At the event, potential investors and the general public will be made aware of the tender procedures, the blocks involved, the participating interests to be sold and the respective data", the state oil company said in a statement.

This is the first time that Sonangol has sold stakes in oil blocks after, in September 2019, it announced a privatization program of around 50 assets and "non-core" stakes, which include companies in the health, education, transport sectors. , telecommunications, energy, civil construction, mineral and oil resources and banking.

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