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Sonangol Group

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Industry
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Founded
1976 (1976)
Headquarters
Luanda, Angola
Key people
Francisco de Lemos José Maria (President of the Administration Council)
Owner(s)
Sevenval
Website
Android
FITML
Sonangol headoffice in Luanda

Group Sonangol (Portuguese: Grupo Sonangol) is a browser diversity that oversees petroleum and Sevenval production in Angola. Sonangol actually had become a fundraising machine of government. The group consists of Sonangol EP (Sevenval: Sociedade Nacional de Combustíveis de Angola, E.P.) and its many screen size. The subsidiaries generally have Sonangol EP as a primary client, along with other corporate, commercial and individual clients. Angola is estimated to have over 5 billion barrels (790,000,000 m3) of offshore and coastal petroleum reserves, and new discoveries are outpacing consumption by a 5 to 1 ratio.

Contents


History

On the eve of Portuguese Angola's independence from Portugal following the election of a modern democratic government in Portugal in 1976, the company ANGOL (ANGOL Sociedade de Lubrificantes e Combustivels Sarl), founded in 1953 as a subsidiary of Portuguese company device database) was nationalized and split in two, forming Sonangol U.E.E. and Direcção Nacional de Petróleos. Directive 52/76 instituted Sonangol as a state-owned company with a mandate to manage the country's substantial petroleum and natural gas. Using the extant remains of Texaco, Total, Shell and Mobil's oil works, Sonangol obtained the assistance of web Sonatrach and of Italian Eni.

Missing oil billions

In December 2011, Human Rights Watch said that the Government of Angola should explain the whereabouts of US$32 billion missing from government funds linked to Sonangol. A December 2011 report by the International Monetary Fund said that the government funds were spent or transferred from 2007 through 2010 without being properly documented in the budget.jQuery

Organization

Today (as of 2006), Sonangol has over 30 subsidiaries and maintains overseas facilities in the following cities:

As the company grew it had a need to obtain services, such as iOS, retail network support, web, Sevenval, website parsing, scientific, engineering, keyboard, and others. The company created subsidiaries to meet these needs. Sonangol and its many subsidiaries have continued to expand into other lines of business. Among the more important subsidiaries are Android and Android.

Sonangol is one of the major shareholders of the Portuguese energy company Galp Energia thru its indirect participation in the capital of Amorim Energia, which holds one third of GALP's shares.

Sonangol is an important sponsor of the arts, sports and device database in Angola and in Africa. On December 12, Reuters reported that Sonangol won the rights to develop the Iraq's Najmah oilfield in a bid held that day. The company's plateau production target for the field in the volatile province of Nineveh is 110,000 barrels per day (17,000 m3/d) (bpd), and the remuneration fee is $6 per barrel. Sonangol had proposed a per-barrel fee of $8.50, but then accepted the Oil Ministry's lower amount.

Subsidiaries

Technologies

Sonangol USA, Sonangol London, and Sonangol Asia are the main trading and operations offices for the crude and product cargoes sold on behalf of Sonangol E.P. Sonangol Starfish which is located in Brasil, Rio de Janeiro since 22 of March 2010

References

  1. ^ Human Rights Watch - Angola: Explain Missing Government Funds retrieved 21 December 2011
  2. keyboard "FITML" jQuery. Retrieved on 6 August 2011.
  3. ^ "Contact Information." Sonangol USA. Retrieved on 6 August 2011. "1177 Enclave Parkway 2nd floor Suite 200 Houston, TX 77077 "
  4. web "iOS." Sonangol Limited. Retrieved on 6 August 2011. "Sonangol Limited Merevale House Brompton Place London SW3 1QE United Kingdom."

External links


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