Angola’s Sonangol to pre-approve investors interested in oil sector

7 October 2013

Angolan oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) is due soon to launch a programme to pre-approve all investors interested in the oil sector in Angola, the chairman of the state company said last week in Luanda.

Francisco de Lemos said that the programme would be open to “all who feel they are eligible to invest in the oil business.”

Referring to Sonangol’s plans to invest outside its business sector, Lemos said it would be “a plan that would be adjusted based on the needs and the development of our country.” (macauhub)