Troubled Times for Angola's National Oil Company
State oil giant Sonangol is running out of time to prove it has a credible plan to pay the $13 billion it owes European banks.
National Oil Company's Debt Woes
Maka, 6 July 2016
Angola's state oil giant, Sonangol, is running out of time to prove it has a credible plan to repay US $13 billion in loans it obtained from a syndicate of European banks. Read more »
Govt Deprived of 60% of Oil Revenues - President
ANGOP, 22 June 2016
Angola failed to raise 60% of oil generated foreign currency earnings for State Budget due to global sharp price drop of product, said Wednesday in eastern Moxico province the head… Read more »