Luanda - The sale of 18 assets of the Angolan Oil Company (Sonangol) in the country and abroad has so far generated USD 84 million since the start of the ongoing privatisation process.
In 2021, as part of this privatisation process, coordinated by the Institute for the Management of State Assets and Participations (IGAPE), attached to the Ministry of Finance, Sonangol sold 13 assets estimated at USD 35 million.
Since the beginning of this process, according to the Oil company’s CEO, Gaspar Martins, who spoke at a press conference last Friday, ahead of the 46th anniversary of the oil company, 18 assets have been sold with a transaction volume of approximately USD 84 million.
The list of total assets sold under the responsibility of Sonango includes the shares of Atlântida Travel Tourism, in Lisbon (100%), that of Luanda (100%), WTA Internacional S.A (100%), its Paris counterpart (100%), Sonasurf Angola (50%), Internacional (49%), Sonadiets S.A (30%), Sonadiets Service (51%), Diraniproject II and V (100%), Miramar empreendimentos (40%), among others.
Sonangol still has 13 other assets for sale, including the stakes in Maianga, Florence, Talatona hotels, the Convention Center (100%), Petromar (30%), Sonasing Xikomba (30%), the Dirani III project (100% ), Manubito (100%), including non-nuclear companies.
In total, Sonangol is responsible for 35 assets, among the more than 97 assets, initially defined for sale, by the Angolan State, as part of privatization process.
