Subsidiary of Angola’s Sonanagol invests in port facilities

4 October 2007

Luanda, Angola, 4 Oct – Sonangol Integrated Logistics Services (Sonils) and the Angolan National Private Investment Agency (Anip), Wednesday in Luanda signed an investment agreement worth US$143.9 million, Angolan news agency Angop reported.

The agreement, which was signed by Anip’s chief executive, Ari de Carvalho and the director-general of Sonils, Fernando Fonseca, will allow Sonils to build and expand its mooring port by a further 750 meters in length and 12 meters in depth.

Sonils, which provides logistic support to the oil sector, also plans to build a super dock for the loading and unloading of heavy ships, with rolling bridges and cranes to lift up to 500 tons.

Sonils is a joint venture between Angolan oil company Sonangol and the Intels group, which having operating basis in West Africa, provides a wide range of logistics solutions to the oil sector. (macauhub)