sonangol in A Sentence

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    Changes to the production sharing agreement extend operations through 2032 and bring Sonangol into the Block 15 partnership with a 10 percent interest.

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    2

    Although for contracts of between $1 million and $5 million, a public tender is involved, the parties involved do not need approval from Sonangol EP.

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    3

    Sonangol is negotiating contracts for new blocks with oil majors and Angola plans to hold an auction next year, the first tender for exploration rights since 2011.

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    4

    Critics say the situation was exacerbated by Isabel dos Santos, the former president's daughter and previous chair of Sonangol, under whose leadership new projects ground to a halt.

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    Sonangol, the state oil company, is negotiating contracts for new blocks with oil majors and Angola plans to hold an auction next year, the first tender for exploration rights since 2011.

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    6

    I would like to recognize the leadership shown by the Angolan President, João Lourenço, and the joint efforts of the authorities, Sonangol and the industry to enhance contractual framework, which is an essential step towards developing new projects.

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    7

    In addition, Sonangol EP, the country's national concessionaire, is allowed to approve contracts with third parties to carry out petroleum operations without a public tender if the value of such a transaction is below $1 million, up from the previous ceiling of $250,000.

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    8

    For the first time in decades, Angola recently moved to improve the image of its oil and gas industry by establishing a new industry regulator, National Oil and Gas Agency, leaving Sonangol, a parastatal that for years was the face of the country's hydrocarbons sector, to concentrate on exploration and production activities.

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    9

    The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project, which came on stream in July and is located in Block 32, in waters of about 2,000 meters.

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