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Spotlight

ANGOLA

Manuel Vicente's circles still in command of oil dollars

Former Angolan vice president and ex-Sonangol chairman Manuel Vicente may have had to leave executive government when President João Lourenço stepped into office in 2017, he certainly hasn't lost any of the stronghold of the country's oil industry he patiently [...] (580 words)

Issue dated 04/02/2020 Reading time 3 minutes

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ANGOLA
ANPG
Baptista Sumbe
Carlos Saturnino
China International Fund
China Sonangol
Cupertino Gourgel
Diamantino Azevedo
Elma Pegado Almeida
João Lourenço
José Eduardo dos Santos
Luis Manuel
Manuel Vicente
Nelson Pacavira
Paulino Fernando de Carvalho de Jeronimo
Sam Pa
Sebastião Pai Querido Gaspar Martins
Somoil
Sonangol
Sonangol Asia
Sonangol International Marketing
Sonangol USA

WM-DC Resources ejected from ENI's Cabinda North block

WM-DC Resources, an Angolan company recently excluded from the Cabinda North exploration block, is owned by a close associate of Angolan former vice-president Manuel Vicente. [...]

ANGOLA 28/06/2021

Lourenço plays the game with EITI as elections approach

The Angola committee overseeing Luanda's application for membership of the Extractive Industries Transparency Initiative (EITI) met for the first time in early June. The EITI sees Angola as a key asset to help it expand in southern Africa but could find its efforts to get Angola into the organisation tied to electoral considerations. [...]

Angolan President João Lourenço. © Ampe Rogerio/EPA/Newscom/MaxPPP

ANGOLA 07/06/2021

Image-conscious Lourenço trumpets his anticorruption credentials

To counter his reputation of being soft on graft, a year ahead of the next election the president and his PR team have mounted a major media campaign, including a flashy TV documentary, around several high-profile sackings. [...]

The Angolan President João Lourenço. © Clemens Bilan/EPA/Newscom/MaxPPP

BRAZIL ANGOLA 14/04/2021

Brazil's meat producers alarmed by Lourenço's protectionism

After a decade of unbridled growth, Brazilian meat exports to Angola could take a steep dive as early as this summer due to new protectionist policies put in place by President João Lourenço. [...]

ANGOLA 30/03/2021

Companies offer free clean-up of trash-strewn Luanda to win back cancelled contracts

Rubbish is piling up on the streets of the capital after cash-strapped city authorities abruptly cancelled waste-management contracts last year. In the hope of winning new ones now that João Lourenço has mobilised funds, some firms have offered their services at no cost. [...]

ANGOLA 29/10/2020

Baroness Northover signs up to Pensana rare earth project

As the new member of the Pensana board, Baroness Northover should prove to be a real asset for the Longonjo project, both on account of her British parliamentary contacts and her experience of working with the authorities in Luanda. [...]

Baroness Lindsay Northover. © UK Parliament

SWITZERLAND ANGOLA 04/09/2020

Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Clara Poglia, the lawyer who will represent Angolan insurance magnate Carlos de Sao Vicente before the Swiss courts, has already taken part in several big oil industry cases, including those arising from Brazil's big Lava Jato anti-corruption operation and Gunvor's activities in Congo and Ivory Coast. [...]

Partner in Switzerland's Schellenberg Wittmer law firm Clara Poglia. © WWCDA/Twitter

Angolan junior Somoil, whose new CEO is Edson dos Santos Sousa, was founded by former chairmen of Sonangol. © Somoil

Spotlight

ANGOLA 12/06/2020

Dos Santos era throwback Somoil changes boss again to steady ship

The best-connected junior in Angola has been struggling to retain a stable management team and has turned to Edson dos Santos Sousa, formerly of Sonangol and ExxonMobil, to restore some order. [...]

ANGOLA 04/06/2020

ANPG boss Jeronimo tries to save appearances in Kwanza and Congo basins

With oil production in Angola in free fall, exploration has been at a standstill since the start of the second quarter. The situation is likely to last until at least the end of 2020. [...]

Spotlight

ANGOLA 27/05/2020

Winners and losers as Gaspar Martins and João Lourenço shake up Sonangol

Amid plummeting crude prices, Angola's president has decided to make sweeping changes to Sonangol, the state oil firm. But not everyone is happy. [...]

ANGOLA 08/05/2020

Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb

Choked as it is by the fall in oil prices, Angola is already dangerously exposed to the risk of being unable to reimburse its private debt. Its finances have been complicated by another problem, however. [...]

Former President José Eduardo dos Santos created the public company Recredit in 2016 to take care of the toxic claims of the PCB. © Herculano Coroado Bumba/Reuters

ANGOLA 20/04/2020

Manuel Vicente's Somoil heirs poised to launch into distribution

The company created in 2000 by former Angolan vice president Manuel Vicente is ready to move into unchartered waters as it diversifies its activities. [...]

ANGOLA 03/03/2020

Why is attorney Gros after China International Fund, Sonangol's ally?

By seizing property from Sonangol's partner, China International Fund, the attorney general is declaring war on the architecture of Angola's relations with China, Manuel Vicente. [...]

ANGOLA 18/02/2020

Who is Manuel Vicente's trio at the helm of Somoil?

The all-powerful former Sonangol chairman Manuel Vicente has placed his troops within the executive board at Somoil, the junior he [...]

ANGOLA 18/02/2020

Lourenço hands Jeronimo's ANPG $9 million to renovate head office

Angola's oil and gas regulatory authority, the ANPG, will soon [...]

ANGOLA 18/02/2020

Sonangol privatisation: behind the scenes of Lourenço's last chance operation

While the economy is continuing to suffer with the drop in national oil output, Luanda is busy preparing the sale of the state-owned firm in the background. Here's how. [...]

ANGOLA 21/01/2020

Sonangol USA: Elma Almeida, M. Vicente's unsinkable advisor

Most of the senior management in place at Sonangol under former President José Eduardo Dos Santos have been sacked since [...]

ANGOLA 21/01/2020

Threat worsens for Somoil under Lourenço's watch

The junior in vogue during José Eduardo Dos Santos' era is well aware that the new regime will be not be as lenient. [...]

ANGOLA 25/06/2019

Somoil founders, Joaquim David and Manuel Vicente, drag firm into quagmire Free

The founders of the country's largest private oil firm, Somoil, owe the state colossal sums. [...]

ANGOLA 28/05/2019

Change of guard under new Sonangol boss Gaspar Martins

The head of the state-owned Sonangol will be working alongside a much more eclectic group of directors. [...]

ANGOLA 14/05/2019

Joao Lourenco picks a Manuel Vicente supporter to get Sonangol back on its feet

In the end, Carlos Saturnino's discord with the hydrocarbons agency cost him his job. [...]

ANGOLA 09/04/2019

Manuel Vicente's Sonangol years catch up with him

Manuel Vicente, who was the chairman of the board at Angola's state-owned oil firm Sonangol from 1999 to 2012, has [...]

ANGOLA 02/10/2018

Who are the former Elf execs pampering Somoil in Geneva?

The most powerful private Angolan oil & gas firm appears to have blind faith in former executives of the French major. [...]

ANGOLA 21/11/2017

Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

By appointing close allies to the head of Sonangol and the oil ministry, Joao Lourenco is keeping the country's money maker under his wing. [...]

Breaking newsANGOLA 17/11/2017

Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

By appointing close allies to the head of Sonangol and the oil ministry, Joao Lourenco is keeping the country's money maker under his wing. [...]

AFRICA CHINA 27/10/2015

Beijing turns against its African pathfinder, Sam Pa

The Oct. 8 arrest of Sam Pa, an influential Chinese middle-man in Africa, could well mark the end of an [...]

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ANGOLA
ANPG
Baptista Sumbe
Carlos Saturnino
China International Fund
China Sonangol
Cupertino Gourgel
Diamantino Azevedo
Elma Pegado Almeida
João Lourenço
José Eduardo dos Santos
Luis Manuel
Manuel Vicente
Nelson Pacavira
Paulino Fernando de Carvalho de Jeronimo
Sam Pa
Sebastião Pai Querido Gaspar Martins
Somoil
Sonangol
Sonangol Asia
Sonangol International Marketing
Sonangol USA

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Manuel Vicente's circles still in command of oil dollars

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

Create your free account

create a free account

Receive free prompts for these topics

WM-DC Resources ejected from ENI's Cabinda North block

Lourenço plays the game with EITI as elections approach

Image-conscious Lourenço trumpets his anticorruption credentials

Brazil's meat producers alarmed by Lourenço's protectionism

Companies offer free clean-up of trash-strewn Luanda to win back cancelled contracts

Baroness Northover signs up to Pensana rare earth project

Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Dos Santos era throwback Somoil changes boss again to steady ship

ANPG boss Jeronimo tries to save appearances in Kwanza and Congo basins

Winners and losers as Gaspar Martins and João Lourenço shake up Sonangol

Unrepaid Dos Santos era loans risk becoming an economic fragmentation bomb

Manuel Vicente's Somoil heirs poised to launch into distribution

Why is attorney Gros after China International Fund, Sonangol's ally?

Who is Manuel Vicente's trio at the helm of Somoil?

Lourenço hands Jeronimo's ANPG $9 million to renovate head office

Sonangol privatisation: behind the scenes of Lourenço's last chance operation

Sonangol USA: Elma Almeida, M. Vicente's unsinkable advisor

Threat worsens for Somoil under Lourenço's watch

Somoil founders, Joaquim David and Manuel Vicente, drag firm into quagmire Free

Change of guard under new Sonangol boss Gaspar Martins

Joao Lourenco picks a Manuel Vicente supporter to get Sonangol back on its feet

Manuel Vicente's Sonangol years catch up with him

Who are the former Elf execs pampering Somoil in Geneva?

Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

Beijing turns against its African pathfinder, Sam Pa

Receive free prompts for these topics

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