Africa Oil & Gas: Isabel dos Santos dismissed from Sonangol, deputy oil minister appointed new CEO

Isabel dos Santos
Known as Africa successful businesswoman Isabel dos Santos, the eldest daughter of José Eduardo dos Santos, was appointed to chair the Sonangol board of directors by her father in June 2016

The former Sonangol executive committee chairman, Carlos Saturnino, held the post of Secretary of State for Petroleum, after being removed by Isabel dos Santos from the Angolan oil company, accused of mismanagement and serious financial diversion.

 

“It is neither correct nor ethical to attribute blame to the team that was only running the company in the period between the second fortnight of April 2015 and December 20, 2016,” Carlos Saturnino replied at the time, that in just over a month as Secretary of State for Petroleum had been supervising Sonangol from the Government after being appointed by the current Head of State, Joao Lourenço.

Businesswoman Isabel dos Santos, the eldest daughter of José Eduardo dos Santos, was appointed to chair the Sonangol board of directors by her father in June 2016, at the time with the task of ensuring the restructuring of the Angolan state oil company

Carlos Saturnino will replace Isabel dos Santos in office, an official source adds, cited by Lusa, as the Angolan president, João Lourenço, today, dismissed Isabel dos Santos, daughter of the former Head of State, José Eduardo dos Santos, as chairman of the Sonangol board of directors.

The information was confirmed to Lusa by the President Office, also reporting that Carlos Saturnino had been released from the position of Secretary of State for Petroleum, to occupy the leadership of the state oil company.

About two weeks ago, Sonangol denied that Isabel dos Santos had been removed by the presidency. The news was advanced quoting an official statement from the Angolan presidency, which was turned out to be false.

Since the beginning of November, the Angolan presidency has made several changes in state bodies.

In an official note from the Angolan government dated November 1, it was reported that the President of the Republic had dismissed the board of directors of the Angolan Iron Company, Ferrangol, two deputy governors of the Central Bank of Angola, and four members of the CenBank’s Board of Directors, and the board of directors of ENDIAMA, Angolan diamond state-owned company. (SourceLusa)

 

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