Ver Angola


More than 20 investors interested in partial divestiture of Sonangol stakes in oil blocks

Sebastião Gaspar Martins, president of Sonangol's Administration Council, made it known that there are more than 20 investors interested in joining the process of partial alienation of the company's stakes in eight oil blocks.


"Right now, we have more than 20 companies looking at our database," he said, basing himself on the numbers generated by the remote consultation system established for the tender.

Speaking to the "Ngol" program - broadcast fortnightly by the oil company on Rádio Nacional de Angola (RNA) - and quoted by Jornal de Angola, the official indicated that expectations regarding the process had been exceeded.

Sebastião Gaspar Martins also noted that the high demand led to the tender deadlines being extended.

He explained that Sonangol decided to partially alienate its participation because it considered that it could have "a not excessive participative presence. Thus, it was decided that "eight assets, ranging from exploration to production, could be partially sold," without the oil company having to leave them permanently, he said.