Sonangol Group

Sociedade Nacional de Combustíveis de Angola E.P.
Sonangol
Company typeStatutory corporation
IndustryOil and gas industry
Founded1976 (1976)
Headquarters,
Key people
Sebastião Gaspar Martins (Chairman and CEO)
RevenueUS$ 10.9 billion (2023)
OwnerGovernment of Angola
Number of employees
13,000 (2022)
WebsiteSonangol.co.ao

Group Sonangol (Portuguese: Grupo Sonangol) is a parastatal that formerly oversaw petroleum and natural gas production in Angola.[1] The group consisted of Sonangol E.P. (Portuguese: Sociedade Nacional de Combustíveis de Angola, E.P.) and its many subsidiaries. The subsidiaries generally had Sonangol E.P. as a primary client, along with other corporate, commercial, and individual clients. In 2023, Sonangol produced 202,000 barrels of oil with an income of US$ 10.9 billion.[2]

  1. ^ Heller, Patrick R. P. (2011), Victor, David G.; Hults, David R.; Thurber, Mark C. (eds.), "Angola's Sonangol: dexterous right hand of the state", Oil and Governance: State-Owned Enterprises and the World Energy Supply, Cambridge University Press, pp. 836–884, doi:10.1017/cbo9780511784057.022, ISBN 978-0-511-78405-7, archived from the original on 2024-08-29, retrieved 2023-06-16
  2. ^ "Sonangol celebrates 48 years with focus on onshore exploration". Embassy of the Republic of Angola in South Africa. Archived from the original on 2024-08-29. Retrieved 2024-08-14.