Sonangol selects bidders for divestments
Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production
Angola’s Sonangol called last year for bids on portions of its equity shares in various blocks and has been evaluating the results since September. The NOC has now selected preferred bidders for its planned divestments. AIM-listed independent Afentra is in pole position for 20pc of block 3/05. A consortium comprising Namibian NOC Namcor, Euronext Access-listed Sequa and private Angolan firm Petrolog has been selected for 10pc of block 15/06. And Sonangol has opted for another consortium, consisting of private Angolan company Somoil and Africa-focused developer Sirius, for 8.28pc and 10pc stakes of block 18 and block 31 respectively. All four blocks are already in production. “The next

Also in this section
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends