Angola/Region: Sonangol’s sell-off programme moves ahead

Issue 435 - 25 Mar 2021

Sonangol announced on 16 March that San Jose, California-based Quanten LLC’s Quanten Consortium Angola subsidiary had been awarded a contract to finance, build, own and operate the Soyo refinery in Zaire province. As it seeks to raise funds by divesting non-core assets, Sonangol also announced its intention to sell Angola’s 20% stake in Abidjan refiner Société Ivoirienne de Raffinage.

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