Angola: Sonangol Seeks Greater Efficacy Through Sale of Assets

Luanda — The state-owned National Fuel Society (Sonangol) is undergoing a restructuring process which will reduce the company's structure through the sale of some of its assets and branches, with a view to making it become more robust and efficient.

Last Thursday, Sonangol launched in Luanda its "Regeneration Programme", which will cost the company 40 million euros in the next three years, with a view to making Sonangol's core business fundamentally be the research, prospecting, exploration and distribution of oil.

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