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Sonagol is responsible for oil exploitation in Angola.

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| May 02, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Access Czech Republic Business Bulletin)

Sonagol (Angola), state oil company, is responsible for the exploitation of oil in Angola. The firm, which was set up after the taking of Angola's independence in 1976, co-operates with foreign oil concerns by the form of joint ventures and agreements about exploitation shares. The main oil concerns, which operate in Angola, are ChevronTexaco (USA), ExxonMobil (USA), Total (France), British Petroleum (UK), Royal Dutch/Shell (Netherlands/UK) and Agip/Eni (Italy). Investors plan to invest nearly USD 23 bil in the exploitation of oil and natural gas in Angola by ...

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