The Chairman of the Board of Directors of Sonangol EP, Francisco de Lemos José Maria, and President of Total, Patrick POUYANNE, signed by the evening of Monday, December 21, the national oil company headquarters, an important agreement intentions whose purpose is to explore the West in grants in ultra deep water.
The agreement in question is of capital importance in the context of the targeted promotion of investment in the oil sector. Further, a memorandum was signed that will allow Total, direct investment in the distribution and sale of oil products in Angola. This action, to consolidate through a partnership between the two companies, embodies the government's strategy of liberalization of trade in the sector.
This agreement with Total, the largest foreign oil operator in the country, represent an investment of hundreds of millions of dollars, with benefits both immediate and long-term.
It should be noted that hours earlier, in the early afternoon, the Chairman of the national state oil company's management had already initialed with the Directors of the companies of the Block 32 contractor group, an agreement introduces an adjustment addendum to the draft Kaombo. The agreement, suits the current juncture, the economics of Sharing Contract until then in effect. The Kaombo Project is one of the most prolific of today and will soon allow the recovery of production of over 220,000 barrels of oil day, a significant growth rate for the purposes of oil production in Angola.
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