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SONANGOL PAYS IN ADVANCE AMOUNT OWED TO COBALT

Sonangol informs that held a tender for the supply of gasoline, diesel and marine diesel...
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SONANGOL PAYS IN ADVANCE AMOUNT OWED TO COBALT
 
 
 
On July 11, Sonangol paid USD 350,000,000.00 (three hundred and fifty million dollars) to Cobalt International Energy, with which the Angolan oil company concludes the US $ 500,000,000.00 (five hundred million dollars) owed to the US operator, in the scope of the agreement established between the two parties as a way of settling the dispute between the two companies.
 
With the payment of this last installment (made before the agreed date, that of 1st July 2018), the differences between the two companies are levelled. This information was given by Sonangol's CEO, Carlos Saturnino, on the fringe of the Advisory Board of the Ministry of Mineral Resources and Petroleum, which ends today in Luanda.
 
 
Communication and Image Directorate in Luanda, on 29th June 2018.

 

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