Group Sonangol (Portuguese: Grupo Sonangol) is a parastatal that oversees petroleum and natural gas production in Angola. The group consists of Sonangol E.P. (Portuguese: Sociedade Nacional de Combustíveis de Angola, E.P.) and its many subsidiaries. The subsidiaries generally have Sonangol E.P. as a primary client, along with other corporate, commercial and individual clients. Angola is estimated to have over 5 billion barrels (790,000,000 m3) of offshore and coastal petroleum reserves, and new discoveries are outpacing consumption by a 5 to 1 ratio.
|Industry||Oil and gas industry|
|Carlos Saturnino Guerra Sousa e Oliveira (Chairman and CEO)|
|Owner||Government of Angola|
On the eve of Portuguese Angola's independence from Portugal following the Carnation Revolution and the election of a democratic government in Portugal in 1976, the company ANGOL (ANGOL Sociedade de Lubrificantes e Combustíveis Sarl), founded in 1953 as a subsidiary of Portuguese company SACOR) was nationalized and split in two, forming Sonangol U.E.E. and Direcção Nacional de Petróleos. Directive 52/76 instituted Sonangol as a state-owned company with a mandate to manage the country's substantial petroleum and natural gas. Using the extant remains of Texaco, Total, Shell and Mobil's oil works, Sonangol obtained the assistance of Algerian Sonatrach and of Italian Eni.
In June 2016, president José Eduardo dos Santos removed the entire board of Sonangol, and installed Isabel dos Santos as chairwoman of the company, to "ensure transparency and apply global corporate-governance standards". This led to many accusations of corruption and nepotism. However, in November 15, 2017, the new president of Angola João Manuel Gonçalves Lourenço dismissed Isabel dos Santos and named Carlos Saturnino Guerra Sousa e Oliveira as the Sonangol chairman. An internal audit later revealed that after she had been dismissed, dos Santos transferred US$38 million of the company's funds to a suspicious Dubai based company. 
In December 2011, Human Rights Watch said that the Government of Angola should explain the whereabouts of US$32 billion missing from government funds linked to Sonangol. A December 2011 report by the International Monetary Fund said that the government funds were spent or transferred from 2007 through 2010 without being properly documented in the budget. The IMF was assured that most of $32 billion was being used for legitimate government reasons and considered to be "found".
Today (as of 2006), Sonangol has over 30 subsidiaries and maintains overseas facilities in the following cities:
As the company grew it had a need to obtain services, such as telecommunications services, retail network support, trucking, shipping, data management, scientific, engineering, seismic, and others. The company created subsidiaries to meet these needs. Sonangol and its many subsidiaries have continued to expand into other lines of business. Among the more important subsidiaries are Sonair and MSTelcom.
Sonangol is one of the major shareholders of the Portuguese energy company Galp Energia through its indirect participation in the capital of Amorim Energia, which holds one third of GALP's shares and on which board sits the son-in-law of the Angolan President.
Sonangol is an important sponsor of the arts, sports and humanities in Angola and in Africa. On December 12, Reuters reported that Sonangol won the rights to develop the Iraq's Najmah oilfield in a bid held that day. The company's plateau production target for the field in the volatile province of Nineveh is 110,000 barrels per day (17,000 m3/d) (bpd), and the remuneration fee is $6 per barrel. Sonangol had proposed a per-barrel fee of $8.50, but then accepted the Oil Ministry's lower amount.
In 2018, Sonangol announced that they will reactivate their Iraqi oil exploration fields in Najma and Qayara after years of closure due to constant armed conflicts. The two oil fields in Iraq are estimated to still have a reserve of 1 billion barrels of oil. 
Sonangol USA, Sonangol London, and Sonangol Asia are the main trading and operations offices for the crude and product cargoes sold on behalf of Sonangol E.P. Sonangol Starfish which is located in Brasil, Rio de Janeiro since 22 of March 2010
The 2011 Indy Lights season was a season of open wheel motor racing. It was the 26th season of the series and the tenth sanctioned by IndyCar, acting as the primary support series for the IZOD IndyCar Series. It began March 27, 2011 in St. Petersburg and ended on October 16 at the Las Vegas Motor Speedway and featured thirteen events: six on ovals, one on a permanent road course, and six on temporary street courses. The series was won by American driver Josef Newgarden, driving for Sam Schmidt Motorsports. Newgarden won the title by 94 points over team mate and fellow rookie Esteban Guerrieri of Argentina.
The season featured the series' first non-IndyCar Series support race since the 2007 Liberty Challenge (at the Indianapolis Motor Speedway) when it was the main event at the Grand Prix de Trois-Rivières. It was Indy Lights' first event at Trois-Rivières since 1998. The series also race at the New Hampshire Motor Speedway for the first time since 1995 and the new Baltimore street circuit in support of the IndyCars.23 Wall Street
23 Wall Street or "The Corner", is an office building formerly owned by J.P. Morgan & Co. – later the Morgan Guaranty Trust Company – located at the southeast corner of Wall Street and Broad Street, in the heart of the Financial District in Manhattan, New York City.
The building was designated a New York City landmark in 1965, and was added to the National Register of Historic Places in 1972. Since it was purchased in 2008 by interests associated with the billionaire industrialist Sam Pa, it has been left in a state of disuse.Angola
Angola ( (listen); Portuguese: [ɐ̃ˈɡɔlɐ]), officially the Republic of Angola (Portuguese: República de Angola; Kikongo, Kimbundu and Umbundu: Repubilika ya Ngola), is a west-coast country of south-central Africa. It is the seventh-largest country in Africa, bordered by Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east, and the Atlantic Ocean to the west. Angola has an exclave province, the province of Cabinda that borders the Republic of the Congo and the Democratic Republic of the Congo. The capital and largest city of Angola is Luanda.
Although inhabited since the Paleolithic Era, what is now Angola was molded by Portuguese colonisation. It began with, and was for centuries limited to, coastal settlements and trading posts established starting in the 16th century. In the 19th century, European settlers slowly and hesitantly began to establish themselves in the interior. The Portuguese colony that became Angola did not have its present borders until the early 20th century because of resistance by groups such as the Cuamato, the Kwanyama and the Mbunda.
After a protracted anti-colonial struggle, independence was achieved in 1975 as the Marxist–Leninist People's Republic of Angola, a one-party state supported by the Soviet Union and Cuba. The civil war between the ruling People's Movement for the Liberation of Angola (MPLA) and the insurgent anti-communist National Union for the Total Independence of Angola (UNITA), supported by the United States and South Africa, lasted until 2002. The sovereign state has since become a relatively stable unitary, presidential constitutional republic.
Angola has vast mineral and petroleum reserves, and its economy is among the fastest-growing in the world, especially since the end of the civil war; however, the standard of living remains low for most of the population, and life expectancy in Angola is among the lowest in the world, while infant mortality is among the highest. Angola's economic growth is highly uneven, with most of the nation's wealth concentrated in a disproportionately small sector of the population.Angola is a member state of the United Nations, OPEC, African Union, the Community of Portuguese Language Countries, and the Southern African Development Community. A highly multiethnic country, Angola's 25.8 million people span tribal groups, customs, and traditions. Angolan culture reflects centuries of Portuguese rule, in the predominance of the Portuguese language and of the Catholic Church.Asaluyeh
Asalouyeh (Persian: عسلويه, also Romanized as ‘Asalūyeh; also known as Asalu, and sometimes prefixed by bandar, meaning port) is a city and capital of Asaluyeh County, in Bushehr Province, Iran. At the 2006 census, its population was 4,746, in 875 families.Alternate spellings include: Assalouyeh, Asalouyeh, Asalouyeh, Asaluyeh, Asaloyeh, Asalooyeh, Asaluye, Assaluyeh, Asalu.
UNCTAD codes: IR YEH, IR PGU, IR ASA.
Located on the shore of the Persian Gulf some 270 km SE of the provincial capital of Bushehr, it is best known as the site for the land based facilities of the huge PSEEZ (Pars Special Energy Economic Zone) project. The town itself is of minor significance, although it is common practice to refer to PSEEZ (established 1998) and Asaluyeh town collectively as Asaluyeh.
Asalouyeh was chosen as the site of the PSEEZ facilities due to it being the closest land point to the largest natural gas field in the world, the South Pars / North Dome Gas-Condensate field. In addition, an existing airport and direct access to international waters via a deep water port were already present.Cobalt International Energy
Cobalt International Energy, Inc. is a development stage petroleum exploration and production company headquartered in Houston, Texas. Cobalt International Energy Inc. filed for bankruptcy on December 14, 2017.Economy of Angola
The Economy of Angola is one of the fastest-growing in the world, with reported annual average GDP growth of 11.1 percent from 2001 to 2010. It is still recovering from 27 years of the civil war that plagued the country from its independence in 1975 to 2002. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture. Since 2002, when the 27-year civil war ended, the nation has worked to repair and improve ravaged infrastructure and weakened political and social institutions. High international oil prices and rising oil production have contributed to the very strong economic growth since 1998, but corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.List of companies of Angola
Angola is a country in Southern Africa and the seventh-largest on the continent.
Angola has vast mineral and petroleum reserves, and its economy is among the fastest growing in the world, especially since the end of the civil war. In spite of this, the standard of living remains low for the majority of the population, and life expectancy and infant mortality rates in Angola are among the worst in the world. Angola's economic growth is highly uneven, with the majority of the nation's wealth concentrated in a disproportionately small sector of the population.List of official trips made by Paolo Gentiloni
This is a list of official trips made by Paolo Gentiloni, who served as the 57th Prime Minister of Italy from 12 December 2016 until 1 June 2018.List of oil exploration and production companies
The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing.List of telephone operating companies
This is a list of the world's largest telecommunications companies measured by total revenues.MSTelcom
MSTelcom is a subsidiary of Sonangol Group, the state petroleum company of Angola. MSTelcom provides a range of telecommunications services for the oil industry as well as for residential and corporate clients. Its name comes from "Mercury Telecommunication Services SARL". Its competitors include Angola Telecom.Manuel Vicente
Manuel Domingos Vicente (born 15 May 1956) is an Angolan politician who served as Vice President of Angola between September 2012 and September 2017. Previously he was chief executive officer of Sonangol, Angola's state oil company, from 1999 to 2012, and he briefly served in the government as Minister of State for Economic Coordination in 2012.Marathon Oil
Marathon Oil Corporation, usually simply referred to as Marathon Oil, is an American petroleum and natural gas exploration and production company headquartered in the Marathon Oil Tower in Houston, Texas.Oil reserves in Ghana
The petroleum industry of Ghana is regulated by the state-owned Ghana National Petroleum Corporation (GNPC) and administered by the state-owned Ghana Oil Company (GOIL).Portuguese Commercial Bank
Portuguese Commercial Bank (Portuguese: Banco Comercial Português (BCP)), is a Portuguese bank that was founded in 1985 and is the largest private bank in the country. BCP is a member of the Euronext 100 stock index and its current chief executive officer is Miguel Maya Dias Pinheiro. BCP is based in Porto, but its operations are headquartered in Oeiras, Greater Lisbon. It operates a branch brand dubbed and restyled in 2004 as Millennium BCP as well as Banque BCP and ActivoBank.
It has nearly 4.3 million customers throughout the world and over 695 branches in Portugal. It was ranked at number 1,623 in the 2017.Puma Energy
Puma Energy is a mid- and downstream oil company, majority-owned by the Singaporean Trafigura and the Angolan Sonangol Group. Its operations span over 47 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products.The firm owns and operates more than 2,500 service stations and 7.9 million cubic metres (50 million barrels) of oil storage facilities. The company employs over 7,600 staff and is headquartered in Singapore with regional hubs in Geneva, Johannesburg, San Juan, Brisbane, and Tallinn.SonAir
SonAir Airline Services, S.A. (Portuguese: SonAir Serviço Aéreo, S.A.), commonly known as SonAir, is a venture of the Angolan national petroleum company Sonangol Group. It provides helicopter services to Angolan oil facilities, both onshore and offshore, as well as scheduled and charter services within Africa and to the United States.Domestically they also provide air transportation to several business groups - private and government, outside the oil business. The company is also the first to provide direct transportation of passengers and cargo between Angola and the United States. Until 2018, the airline provided thrice-weekly services between Luanda (LAD) and Houston (IAH) utilizing a Boeing 747-400 (10 First Class, 143 Business Class, some of which were marketed as a Premium Economy with a lesser amenity service, and 36 Economy Class seats) operated by Atlas Air.South Pars/North Dome Gas-Condensate field
The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, with ownership of the field shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic metres) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic metres) of natural gas condensates. On the list of natural gas fields it has almost as much recoverable reserves than all the other fields combined. It has significant geostrategic influence.This gas field covers an area of 9,700 square kilometres (3,700 sq mi), of which 3,700 square kilometres (1,400 sq mi) (South Pars) is in Iranian territorial waters and 6,000 square kilometres (2,300 sq mi) (North Dome) is in Qatari territorial waters.Superleague Formula
Superleague Formula was an open wheel single seater motor racing formula, which started in 2008, at Donington Park in the United Kingdom. The league introduced team sponsorship by association football clubs. It used the slogan 'The Beautiful Race: Football at 300 km/h'. By 2011 the link with football was fading with more than half the teams no longer associated with football teams. It was founded by businessmen Alex Andreu and Robin Webb. On 19 May 2010, Andreu stepped down in his role as series president, with his successor named as Alfredo Brisac not many weeks later. The season ran between April and November at the same time as most other European race series. Every team used identical cars and 750-horsepower V-12 engines. The Sonangol Group was the series' title sponsor from June 2009 until the end of the 2010 season.The future of the championship was in doubt after the cancellation of over three-quarters of 2011 season events. In April 2012, when most European motor racing started, there had been no news or information regarding the possibility of a 2012 or 2013 season running. The website updates ceased in 2011, and no further seasons were organised.