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

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.

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

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.

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

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…

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