Angola Oil Company Denies Owing Billions
The company has dismissed reports that its Sonangol Holdings owes U.S. 1.2 billion in syndicated loans.
Deutsche Welle, 8 June 2016
Angolan President dos Santos has appointed his daughter Isabel as head of state-run oil concern Sonangol. A group of lawyers is mulling legal action as dismay in the corporate… Read more »
ANGOP, 9 June 2016
The Sonangol's board of directors met Thursday in Luanda with oil companies operating in the country, to discuss issues related to the sector's restructuring plans. The meeting was… Read more »
Angola: Is Angola Broke?
East African, 23 June 2016
Angola's President José Eduardo dos Santos has confessed that his country is broke. Read more »
Angola: 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 »
Maka, 21 July 2016
The task facing Angola's state oil company, Sonangol, as it adjusts to lower revenues during the slump in oil prices, is complicated by a stratospheric debt burden which gives… Read more »