Angola & Nigeria: State-Led Petroleum Sector Development
March 23rd, 2024
Via Phenomenal World, a report on state-led petroleum sector development in Angola and Nigeria: Oil and gas producers in Africa, like developing countries across the globe, face a particular problem in pursuing state-led development. The resource curse, and specifically the phenomenon of “Dutch disease,” in which an exporting industry brings in foreign capital and causes the […]
Read more »The Rise of Sonangol: How Privatization is Strengthening its Competitiveness
March 21st, 2024
Via Energy, Capital & Power, an article on Sonangol’s privatization and drive to strengthen its competitiveness: Angola plans to complete the privatization of the country’s national oil company (NOC) Sonangol by 2026, falling in line with its strategy to modernize the economy and attract private investment. As part of the strategy, the government will make […]
Read more »Why Angola’s Latest Visit to China Is Good for the G7
March 20th, 2024
Courtesy of The Diplomat, a report on Angolan President Lourenço’s recent visit to Beijing which took place amid the talk of growing global competition between the United States and China in the Southern African region: Whatever metric you are looking at, when it comes to Africa-China relations, Angola is typically close to (if not at) […]
Read more »Angola: The OPEC Producer Looking To Sell A Stake In Its Oil Company
November 29th, 2020
Via OilPrice.com, a report on Angola’s Sonangol: OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances. Angola is considering selling part of Sonangol, as well as a stake in the national […]
Read more »Sonangol: National Oil Company And Government Backbone
September 2nd, 2014
Courtesy of STRATFOR (subscription required), an interesting look at Sonangol, Angola’s national oil company: Summary Before Angola’s independence in 1975, Portugal imposed a contentious and hastily thrown together power-sharing deal among Angola’s three main ethnic groups: the Bakongo, Mbundu and Ovimbundu. This pact unraveled quickly after independence as Angola descended into a three-way civil war. […]
Read more »Angola State Oil Group Plans Production Increase
July 3rd, 2012
Courtesy of The Financial Times, a report that Sonangol, the Angolan state oil group that has amassed assets from Iraq to Cuba, is aiming to raise fivefold its production as an operator. As the article notes: “…Manuel Vicente, whose promotion to minister of state for economic co-ordination in January ended his 12 years at the […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.