Sonangol has become a big company in many ways, not in the oil activity: Minister
If Sonangol, Angola state-owned oil company, stops its activities, there will be no negative effect on oil sector in Angola as it has become a big company in many things, but not in the oil activity, the country´s Minister of Mineral Resources, Oil and Gas said Tuesday.
The Angolan government official made the pronouncements during a roundtable discussion on “African local content: Review of Policies and Processes in the implementation of local content in Africa,” at the 8th African Oil and Gas Congress, which runs in Luanda until Thursday.
According to Mr Diamantino de Azevedo, the state oil company is “only” responsible for 2 percent of the oil activity in the country, although over time it has created human capital capacity, technical infrastructures, which are little or not used.
“Africans are intelligent, but need to be bold to gain independence in the oil sector”, he said.
Among Sonangol’s underused capacity , Mr Azevedo pointed the technological institute, equipped with cutting-edge equipment, a “very well” equipped laboratory with modern equipment “that is practically not used,” several ships for transporting gas and crude oil and two state-of-the-art drill ships.
“It is shameful that only this week African oil companies had met for the first time to address issues of common interest” he argued adding that this cannot continue to happen.