Ver Angola

Energy

Manuel Vicente's company will have profited three billion dollars with Sonangol

A company owned by ex-vice president Manuel Vicente will have profited three billion dollars from the transaction of two oil blocks that had been ceded at zero cost by the company Sonangol.

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According to the bank statements consulted by the Lusa agency, the company Nazaki Oil & Gaz, SA, owned by Manuel Vicente, when he was president of the state-owned company, supposedly made the equivalent of 2.53 billion euros from the deal involving Sonangol and the North American Cobalt.

The bank statements are dated 28 December 2012 and 28 January 2013, as well as a third transfer, also from Sonangol with the date 25 November 2013.

The operation has already been the subject of investigations by US authorities, who analyzed the acquisition in 2009 by Sonangol of two oil blocks that the state company had previously offered "at no cost" to a company owned by Manuel Vicente.

The 2009 investigation is contained in documents that make up the court case (nº4: 14-cv-83428) of the Houston Division of the United States District Court Southern District of the US State of Texas including the involvement of Cobalt, a Goldman Sachs group company , but that did not mention the values ​​involved.

The documents established the involvement of Cobalt, a company based in Texas, in connection with Nazaki Oil & Gaz, SA, which in turn belonged to senior officials of the Angolan State (Politically Exposed Person), including Manuel Vicente himself. will have "acquired" 30 percent of blocks 9/09 and 21/09 of the national offshore.

In 2009, the concessionaire (Sonangol E.P.) chaired by Manuel Vicente "makes a donation" to a company owned by Manuel Vicente himself: Nazaki Oil & Gaz, S.A.

After four years, in 2013, Manuel Vicente and partners at Nazaki sell to Sonangol for US $ 1.5 billion plus expenses the same blocks that had been offered by the state company.

On January 1, 2013, Sonangol, at the time chaired by Francisco Lemos José Maria, current president of the Angolan Debt and Securities Exchange and Nazaki entered into a purchase and sale agreement in which the parties agreed to transfer 15 percent of the participative interests in the blocks at the price of 1,500,000,000 (USD).

In Article 3 (b) and (c) of the contract, it is stated that the amount of 1,000,000,000 (one billion US dollars) would have already been paid and the remaining 500,000,000 (five hundred million US dollars) would be paid in the future, "at a time to be agreed by the parties".
According to the extracts from Sonangol's accounts consulted by Lusa, several transfers were made to Nazaki's bank account, through an account domiciled at Banco Angolano de Investimentos.

The operation is referred to in Decree-Laws 14/09 and 15/09, both of 11 June 2009, in which the Angolan Executive grants Sonangol exclusive mining rights for the exercise of hydrocarbon research, prospecting, development and production liquid and gaseous in the respective concession areas of blocks 9/09 and 21/09 and two consortia were created for the purposes of the operation.

One of the consortia is established with Cobalt International Energy LP - a North American company majority owned by the financial group Goldman Sachs.