Angola's Oil Giant 'Can't Even Afford Toilet Paper'?

Sonangol has reportedly seen its fortunes decline after President José Eduardo dos Santos' daughter, Isabel, took over the oil company.

Photo: Sonangol

The Angolan Oil Company (Sonangol)

  • Angola:   Oil Company Denies $1.2 Billion Debt

    ANGOP, 5 September 2016

    The Angolan Oil Company (Sonangol) has categorically denied as untrue news published by a certain weekly, according to which it owes Usd 1.2 billion to Banco Millennium… Read more »

  • Angola:   National Oil Company's Billion Dollar Headache

    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 »

  • 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 »


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