Sonangol’s prime objective is the prospecting, research, development, production, transportation, commercialization and transformation of liquid and gaseous hydrocarbons and their derivatives, including petrochemicals.

Sonangol may still dedicate itself directly or indirectly to complementary or collaborative activities to its social objective or any other industrial or commercial activity, by decision of its Administrative Counsel, without prejudice to the social objective specifically foreseen by law.

Sonangol may, in pursuing its social objective, constitute new companies and acquire all or part of the capital of an established company and whenever it detains a totality or a majority of the voting capital of said companies, it will establish the coordination, economic and financial direction and the business development of said company.

Sonangol may, in terms of applicable legislation, establish in conjunction with national and/or foreign entities the type of association and cooperation that is most beneficial to the fulfillment of its social objective.

In the constitution of companies and associations, SONANGOL shall observe the principles of specialization and vertical integration, in order that the companies thereby constituted maintain their legal identities