Sonangol — Sociedade Nacional de Combustíveis de Angola, E.P. — is the sole concessionaire for exploration of oil and gas exploration on the subsoil an​d continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of hydrocarbons in Angola. We operate in an efficient safe and transparent manner, and are committed to environmental protection. Our purpose is to promote the harmonious development of the country and reinforce sustainable use of hydrocarbon resources.

 

Created as a public company in 1976 from the Decree-Law No. 52/76 of 9 June, which established the National Fuel Society of Angola (Sonangol) as a state-owned company dedicated to exercise the activities of exploration, research, production, transportation, refining, storage, distribution and processing of oil and other hydrocarbons and their derivatives and waste and so is the equipment in their respect, petrochemical and related industries and their marketing. The decree also establishes that Sonangol is intended to manage on behalf of the assets held by the Angolan Government, based on the standards applied to commercial undertakings. Sonangol operates in the market under strict performance standards in order to ensure efficiency, competitiveness and profitability, aiming to add shareholder value.

In this context, Sonangol works to become a benchmark in the international market and, in particular, the African market and fulfill the dual task of performing as an integrated and competitive company and act as a transforming force in Angola. To this end, implements fundamental assumptions of an inserted company in the market economy, customer oriented and a strictly ethical conduct, engaged in the communities in which it operates responsibly in relation to health, safety and the environment.
 

Our main activities include prospecting, exploration, development, production, transportation, marketing, refining and processing of oil and gas, and the supply, storage and distribution of its products, including petrochemical activities and can be performed in order alone or in association with other companies - domestic or foreign. Furthermore, Sonangol assumes, in full, its role as a public company, whose achievements should be paid directly on behalf of sustainable development of their country.

The Strategic Goals defined by the company for 2015-2017 can be summarized as follows:

  • The reversal of the stagnation trend of crude oil production  
  • The development and monetization of natural gas resources  
  • Start the construction of the first phase of the Lobito Refinery 
  • Completion of strategic projects to support the integration of the supply chain
  • Completion of the restructuring of the subsidiaries of Sonangol-EP and its definition and implementation of specific programs
  • Compliance with contractual, tax and fiscal obligations and best practices of Corporate Governance 
  • Generating options for repositioning the support business of Sonangol Set the employment as the business efficiency factors and business expansion according to the cyclical development and long-term business
 
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