Angolan companies benefit from Sonangol’s “angolanization” program

12 April 2007

Soyo, Angola, 12 April – Twenty one Angolan companies included in the Project for Development of National Participation (PDPN) set up by Angolan state oil company Sonangol in the last two years have netted US$2.3 million in service contracts signed with oil companies operating in the country.

João Afonso Chipepe, a senior economist for the PDPN, told Angolan news agency Angop that the figure was the result of contracts signed with companies registered by Sonangol in the provinces of Luanda, Benguela, Cabinda and Zaire.

In this process, which is part of the “angolanization” of the oil sector, the Angolan companies carry out multiple services with the technical support of the Business Support Center, a consultancy contracted by Sonangol to support the companies that are part of this project.

The Angolan government began dealing with the “Angolanization” of the oil industry with the 20/82 law via which it established that all companies exploring oil in Angola should contribute to the technical training of Angolans for the sector.

The 20/82 law also established goals for the progressive use of Angolan staff at national an international companies. (macauhub)