Jose Eduardo dos Santos

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

Posted on November 15, 2017November 15, 2017 by Mozambique Resources Post

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.

Africa Oil & Gas: “Angola’s Sonangol Cuts Debt, Output To Slip Without Investment” – Financial Times

Posted on December 21, 2016 by Mozambique Resources Post

Angolan state oil firm Sonangol would be split into three separate units in a bid by Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos, to reshape the oil company, Financial Times reported on Tuesday.

Africa Oil & Gas: Angola’s President faces inquiry over daughter appointment as Sonangol CEO

Posted on October 27, 2016 by Mozambique Resources Post

Angola’s Supreme Court has asked President José Eduardo dos Santos to respond to an inquiry on why he appointed his daughter as head of the state oil firm, according to court documents seen by Reuters.

Africa Oil & Gas: New management reorganises Sonangol business portfolio in Angola

Posted on June 8, 2016 by Mozambique Resources Post

The new board of directors of Angolan state oil company Sonangol will reorganise the business portfolio of the company and its subsidiaries, according to a presidential decree. “The board of directors (…) should apply the model of reorganisation of Sonangol EP business portfolio, its subsidiaries and affiliates, pursuant to the adjustment to the oil sector organisation model,” reads the decree signed by José Eduardo dos Santos, naming Isabel dos Santos to the position of chair…