Luanda - The privatisation process of the national oil company Sonangol is scheduled for 2026, the CEO of the Asset Management Institute (IGAPE) Patrício Vilar said on Wednesday.
Speaking to the press at the end of a visit to that oil company, Patrício Vilar said that the company owns extensive assets in the world, that is why the privatisation process cannot end this year.
“The completion process will not happen this year, but within the period of the second phase of the privatisation programme, which ends in 2026”, he said, adding that Sonangol is a group of companies with several business units, activities, subsidiaries and holdings.
According to Patrício Vilar, one of the matters monitored by IGAPE, in all companies, has to do with the reservations presented by the auditors, and in the case of Sonangol there was “a significant evolution” in relation to this process (auditors' reservations).
He explained, on the other hand, that the visit allowed the IGAPE technicians to understand the dynamics of the company, to internalise, in their analyses, the ways in which they are organised and the operational part.
In turn, the chairman of the Board of Directors of Sonangol, Sebastião Martins, said that the visit allowed the two bodies to know the current state of the oil company and how IGAPE can increase the degree of monitoring of the activities of the same company.
Sebastião Martins added that Sonangol took the opportunity to present to IGAPE information on the company's portfolio of activities and businesses and the accountability process.
IGAPE's visit to Sonangol was part of the strengthening of the monitoring of the operational activity of public companies and served, essentially, to assess the performance of the state oil company in recent years, as well as to clarify the company's objectives for the coming times. JAM/AC/DAN/NIC
