Luanda – Angola’s public National Fuel Society (Sonangol) and DR Congo's Sonahydroc and Cobil, last Thursday in Kinshasa signed an oil by-products supply agreement.
Speaking to ANGOP, after the signing of the agreement the Sonangol C.E.O, Sebastião Martis, said that the two Congolese firms will acquire from Angola crude oil by-products at market price.
Sebatião Martins emphasised that the agreement reflects the improvement in the trade relations between the mentioned companies and countries.
The signatory parties were the Sonangol C.E.O and the Director-General of Sonahydroc, Augustin Nkuba Kasanga, as well as the executive directors of Cobil, Georges Kettel Yamba Ngoie and Djena Bassiala Nlandu.
Still in Kinshasa, a co-operation protocol was signed for research and production of hydrocarbons by the Angolan minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and DR Congo’s Didier Ntubanga.
To remind that last June 20-21 it was held in Luanda the third meeting of the bilateral commission for the exploitation of hydrocarbons on the Common Interest Zones, which resulted in the penning of a production sharing contract model.
Angola and the DR Congo share land and maritime border. AC/jmc
