Who owns Sonangol?

Who owns Sonangol?

Government of Angola
Sonangol Group

Sonangol head office in Luanda
Headquarters	Luanda , Angola
Key people	Sebastião Gaspar Martins (Chairman and CEO)
Owner	Government of Angola
Website	Sonangol.co.ao

Is Sonangol state owned?

Sonangol — Sociedade Nacional de Combustíveis de Angola, E.P. — is the state-owned oil company, responsible for the management of oil and natural gas exploration on the subsoil an​d continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of …

What type of oil does Angola have?

sweet crude oil
Angola produces light sweet crude oil containing low volumes of sulphur, suited for processing light refined petroleum products. The oil rich continental shelf off the Angolan coast is divided into 50 blocks but the number of blocks is expected to double with the auctioning of new blocks from 2019 to 2025.

Who is the CEO of Sonangol?

Sebastião Gaspar Martins
Energy Capital & Power Sonangol CEO Sebastião Gaspar Martins showcased the company’s strategy at an upstream dedicated panel during the first morning of the Angola Oil & Gas Conference 2021.

Where does Angola export oil?

Main destinations of oil crude exports from Angola in Q4 2020

Main importers	Share of crude oil exports
China	71.9%
India	5.3%
Italy	4%
Thailand	3.9%

Does Angola have oil refineries?

The oil refining capacity in Angola remained stable from 2013 to 2020, at 65 thousand barrels per day. The amount referred to the Luanda Refinery, considered the only refining facility in the country. However, the use rate of the refining capacity variated in the period, reaching 74 percent in 2020.

Which country is the largest oil producer?

United States
What countries are the top producers and consumers of oil?

Country	Million barrels per day	Share of world total
United States	20.54	20%
China	14.01	14%
India	4.92	5%
Japan	3.74	4%

What does Angola import the most?

Angola imports machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles and military goods. Portugal is the main supplier of the Angolan economy (18% of total imports) followed by China, United States, Brazil and South Africa.

How many refineries are in Angola?

Angola is expected to be Africa’s biggest oil producers in the sub-sahara by 2015. Angola has one existing refinery in Luanda with a capacity of 39,000bpd although it is currently working at about 90% capacity.

How many barrels of oil does Angola produce a day?

1.3 million barrels
Overview. Angola is the second largest oil producing country in sub-Saharan Africa and an OPEC member with output of approximately 1.3 million barrels of oil per day (bpd) and an estimated 17,904.5 million cubic feet of natural gas production.

What is Sonangol?

…… Home Sonangol — Sociedade Nacional de Combustíveis de Angola, E.P. — is the state-owned oil company, responsible for the management of oil and natural gas exploration on the subsoil an​d continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of hydrocarbons in Angola.

What does homehome Sonangol do?

Home Sonangol — Sociedade Nacional de Combustíveis de Angola, E.P. — is the state-owned oil company, responsible for the management of oil and natural gas exploration on the subsoil an​d continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of hydrocarbons in Angola.

What is happening to Angola’s Sonangol?

As Africa’s second-largest oil producer Angola has vast petroleum wealth, which is licensed exclusively by Sonangol. It has ventures in a swath of other sectors, such as helicopters, telecoms and real estate, to support its core business. In 2018, its turnover was $18bn. But by 2015 Sonangol was in crisis.

What is the job description of Sonangol property management?

Its task is also to manage property assets of Sonangol E.P. and undertake the company’s housing pilicy for its employees.