SonangolE.P. categorically denies the news published by a weekly newspaper, according to which the national oil company has a debt of 1.2 billion US dollars with the bank Millennium Atlântico in syndicated loan arrangements.
Sonangol E.P. admits that through Sonangol Holdings, it currently has a liability of some 5 million US dollars with the same financial institution, whose reimbursement is expected by 31 July 2017.
Given the magnitude of the differences presented (approximately 1.195 billion US dollars), Sonangol E.P condemns the news published by the lack of accuracy and its purely speculative nature.
Sonangol E.P. reiterates once again it is committed to transparency, institutional cooperation, rigor and competence which allows to create a stronger company and better contributes for both economic and social development of the country.
Communication and Image Department of Sonangol EP, in Luanda, on September 2nd, 2016.