Angola: The Dos Santos familys private property

President José Eduardo dos Santos has been transferring state resources to the private ownership of his family so openly that there is only one possible conclusion: Angola is the private property of the Dos Santos family. On 19 May 2014, Petroleum Minister José Botelho de Vasconcelos signed Executive Decree no. 159/14, which transferred 10 percent of the shares held by Sonangol P&P (the Research and Production subsidiary of the National Oil Company) in the oil exploration Bloc 4/05 to a company called Prodoil, owned by the presidents youngest sister, Marta dos Santos. The minister did this on the basis of powers delegated by the President of the Republic ). As a result of the transfer, the exploration blocs shareholding now comprises Sonangol P&P (40%), Statoil (20%), Somoil (15%), Acrep (15%) e Prodoil (10%). The first time the president gave his sister a gift of oil exploration shares was on 27 October […]
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