Sonangol

Description

Sonangol E.P. engages in the research, exploration, and production of oil and gas in Angola's soil and off its Atlantic coast. Its activities include prospecting, development, and the refining of hydrocarbons and their derivatives. The company also retails refined products for automobiles, ships, and vessels, as well as for railroads and manufacturing engines; provides propane tanks for domestic use and has a network of gas and service stations, as well as heating appliances and car care products; and markets and sells grease and lubricants. In addition, it operates an airline, which provides air transportation to the oil industry through a fleet of airplanes and helicopters, serving various international destinations, including countries in Africa, as well as a direct passenger and cargo flight to Houston, Texas; and involves in maritime transportation of crude and oil derivatives; and provision of refueling services to vessels located in Angola's ports or within its maritime shoreline. Further, Sonangol offers professional training specifically related to work safety in the oil industry, as well as insurance, risk management, and retirement funds services. The company was founded in 1976 as Sonangol U.E.E. Later, it changed its name to Sonangol E.P. in 1999. The company is based in Luanda, Angola with offices in Brazzaville, Congo; Hong Kong, China; Houston, Texas; London, England; and Singapore, Singapore.


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