Tag: ENI

Sonangol’s Billion-Dollar Headache

Evidence has reached Maka Angola that Sonangol’s debts to major oil corporations are far in excess of the US $300 million  owed to Chevron as reported last month. Faced with a Sonangol news release that noted the Chevron monies were “under review” prior to payment, other foreign creditors have grown anxious about the multi-million sums they too are owed. Maka Angola has been supplied with figures showing unpaid cash calls to three other oil majors operating in the Angolan oilfields. They reveal that as of October 2016, Sonangol owed its creditors at over one billion US dollars. To date, Sonangol has only effected payments to companies owned by associates of President José Eduardo dos Santos and his daughter, Isabel dos Santos, the current Sonangol President. President dos Santos sacked the previous Sonangol board and installed his daughter back in June, in a move that shocked the global oil industry given […]

Read more

Oil Workers in Prison for Striking

The 15 Angolan oil workers who went on strike aboard the oil vessel FPSO Gimboa, on October 3, to demand better working conditions, were questioned yesterday and today by the public prosecution in the oil-rich coastal town of Soyo, in the north of Angola. The workers are under arrest and are yet to be charged. The vessel, a floating production, storage and offloading (FPSO) unit, has been producing and storing crude from Bloc 4/05. This block is a joint-venture between Sonangol Pesquisa & Produção (50 percent), the Norwegian multinational Statoil (20 percent), and private Angolan companies belonging to government officials and Sonangol executives, Somoil (15 percent) and ACREP (15 percent). A special operation comprising members of the Rapid Intervention Police, Anti-Riot Unit, state security and the investigation police landed, last Sunday, on the oil vessel to put down the strike, and arrested the workers. The strikers’ union representative, Joaquim Domingos, […]

Read more