Repeats from SEPT 11, no changes to text) * Sonangol awards fuel oil deal to France’s Total * Trafigura was dominant player in Angola * President reshuffles oil industry after Dos Santos exit By Dmitry Zhdannikov LONDON, Sept 11 (Reuters) – Trafigura has lost its last big contract in Angola, once a core market and…
LUANDA (Reuters) – The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported. Isabel dos Santos is allowed to provide reasons for not appearing three times, state news agency Angop…
By Eugen Iladi A corruption trial against jailed former prosecutor Orlando Figueira that started on January 22 in Lisbon, Portugal, has deep international ramifications. The man accused of bribing Figueira to quash a 2013 investigation into the source of funds for acquiring private luxury residences in Portugal is Manuel Vicente, a former vice president of…
By VOA Angola’s new president, João Lourenço, has been in the news since taking office four months ago. Lourenço has made a number of moves, such as dismissing high-level officials. He says the moves are part of his campaign promise to fight corruption and rebuild the country’s economy. In December, he removed Isabel dos Santos,…
By Henrique Almeida and Candido Mendes Angolan President Joao Lourenco dismissed the son of his predecessor Jose Eduardo dos Santos as chairman of the country’s $5 billion sovereign wealth fund, further loosening the grip of the Dos Santos family on key areas of state. Lourenco fired Jose Filomeno dos Santos and the entire board of…
By DW No one believed the new president of Angola, Joao Lourenco, when he promised thorough reforms. But the man once considered to be a puppet of the old regime has turned out to be as good as his word. Or has he? A few days before Christmas, President Joao Lourenco struck again: he replaced…
By AFP Angola has suffered a week of fuel shortages, a bitter irony for one of Africa’s leading oil producers, and a hardship that some people blame on opponents of President Joao Lourenco. The majority of petrol stations in the capital Luanda have had long lines of motorists for seven days now, all waiting for…
LUANDA, Dec 19 (Reuters) – Angola’s state oil company Sonangol said on Tuesday it had settled all disputes with Cobalt International Energy and would pay the U.S. oil firm $500 million for its stakes in two offshore oil blocks. Cobalt had filed arbitration requests in May seeking in excess of $2 billion due to the…
By africanews Angola’s state oil company (Sonagol) has announced an investigation into “possible misappropriation” of funds by Isabel dos Santos, the daughter of the former president, during her time as the company’s chief executive. “We have established an internal commission of inquiry to investigate the information published,” Sonangol spokesman Mateus Benza said on Tuesday. “We…
By Reuters LUANDA/LONDON (Reuters) – On Oct. 6, with the dust still settling on Angola’s first change of power in 38 years, new President João Lourenço sat down with international oil majors at the presidential palace in Luanda. The top executives in Angola of Chevron (CVX.N), Total (TOTF.PA), BP (BP.L), Eni (ENI.MI) and Exxon (XOM.N)…