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Angola
Somoil expands its Angolan portfolio

The oil junior knows people in high places and has been buying shares in various lucrative blocks over the last year. The funds came in part from a 2018 law allowing the repatriation of funds generated abroad during the Dos Santos era. [...]

Published on 02.02.2023 at 05:00 GMT Reading time 2 minutes

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Energy

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Chevron
Desiderio da Costa
Inpex
Joao Lourenco
Joaquim David
Jose Eduardo dos Santos
Manuel Vicente
PTTEP
Somoil
Sonangol
Sonangol P&P
TotalEnergies

Spotlight | Angola
Manuel Vicente takes Somoil into big league with Lourenco's backing

Angolan junior Somoil has increased its asset portfolio through a number of purchase since the start of last year. Behind this expansion is Manuel Vicente, the oil strategist of former president José Eduardo dos Santos, who is also close to Joao Lourenco.

Subscribers only Energy 28.02.2023

Manuel Vicente at the COP21 World Climate Change Conference 2015, France, 30 November 2015.

Angola
Angolan oil junior Somoil opens up under boss Dos Santos Sousa

After keeping a low profile for years and nearly going under during the pandemic, Angola's biggest private company Somoil is reinventing itself and opening up under its director general, a former ExxonMobil executive.

Subscribers only Energy 01.11.2022

Angola
Oil minister gives official approval to Somoil's acquisitions in blocks 14 and 14T

Le ministre du pétrole Diamantino Azevedo a entériné le 8 septembre le rachat par la junior angolaise Somoil des participations du japonais Inpex et du français TotalEnergies sur les blocs 14 (20 %) et 14T (10 %).

Subscribers only Energy 22.09.2022

Angola
MPLA chum Somoil juggles projects and departures

The junior oil company founded by dos Santos-era heavyweights has several balls up in the air while dealing with key managerial changes.

Subscribers only Energy 16.08.2022

Spotlight | Angola
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.

Subscribers only Energy 12.06.2020

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

Set up email notifications for these topics

Chevron
Desiderio da Costa
Inpex
Joao Lourenco
Joaquim David
Jose Eduardo dos Santos
Manuel Vicente
PTTEP
Somoil
Sonangol
Sonangol P&P
TotalEnergies

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