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Sonangol

Description

Sonangol - Sociedade Nacional de Combustíveis de Angola, E.P. - is the sole concessionaire for exploration of oil and gas exploration on the subsoil and continental shelf of Angola, and is responsible for the exploration, production, manufacturing, transportation and marketing of hydrocarbons in Angola.

Sonangol is becoming more involved in international ventures, and the company currently has interests in Brazil, Cuba, São Tome and Principe, Venezuela, and in the Gulf of Mexico.

Renewable energy initiatives

In June 2019, Eni and Sonangol signed the Heads of Agreement for the incorporation of Solenova Ltd, a joint controlled company set up to assess and develop renewable energy opportunities in Angola. The creation of this new company is consistent with the country’s energy strategy that establishes a target of 800 MW of installed renewable capacity by 2025, with a specific focus on utility scale solar projects.

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