Africa Oil & Gas: Sonangol to keep its investments in Portugal Galp Energia

Sonangol - Carlos_saturnino
Carlos Saturnino, the new Sonangol CEO

The chairman of the Board of Directors of Angolan state oil company Sonangol gave assurances on Wednesday in Luanda that the company will keep its stakes in Portugal’s Galp Energia group as it is a “strategic investments.”

Carlos Saturnino said that the investment in the Galp Energia group is of high quality and stressed that the company is involved in exploration of oil concessions and not only in Portugal, but also in the Iberian Peninsula, in Angola, where it is involved in several blocks and in Brazil, “and it is t, therefore, strategic investment that has paid off.”source: macauhub

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