Sonangolwas involved indeal where NAMCOR paid US$6.7 million on behalf of third parties
Source
“His suspension was subsequently extended twice, in August and September. Mulunga faced a disciplinary hearing in October last year, where he was made to answer for several controversies, including a Sonangol deal in which Namcor paid US$6,7 million (N$123 million at the time) on behalf of third parties to buy into an oil well owned by the Angolan state-owned oil company.”
Sonangolwill co-own with Namcor and two other partnersthe oil blocks in a joint venture known as Sungara Energies
Source
“Namcor will co-own the oil blocks with Angola's state-owned oil entity, Sonangol, and two other partners in a joint venture known as Sungara Energies.”
Sonangolannouncedpartial alienation of participations in eight oil concessions
Source
“Sonangol announced last weekend that it had conducted a partial alienation of participations in eight oil concessions in the country, in a limited public tender, without mentioning the value of the deal.”
Sonangolhas privatised13 assets in 2021 earning US$37 million
Source
“Sonangol has reportedly privatised 13 assets in 2021 that earned US$37 million, and the company appears to continue to prepare, without haste, the stock market dispersal of up to 30% of its capital.”
Sonangolconducted partial alienation of participations ineight oil concessions
Source
“Sonangol announced last weekend that it had conducted a partial alienation of participations in eight oil concessions in the country, in a limited public tender, without mentioning the value of the deal.”
TotalEnergies announced the Acacia-5 discovery on Block 17 in Angola, which will increase production by 6,000 barrels per day with first oil expected three months after the June discovery. The discovery is the second exploration success in 2026 for TotalEnergies' Angolan portfolio.
TotalEnergies announced the Acacia-5 discovery on Block 17 in Angola, which will increase production by 6,000 barrels per day with first oil expected three months after the June discovery. The discovery is the second exploration success in 2026 for TotalEnergies' Angolan portfolio.