Luanda, Angola — 08 October 2013 – Angolan state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) is planning to launch a special programme soon to pre-approve all investors interested in the oil sector in Angola.   

Macauhub News Agency quotes company chairman Francisco de Lemos as saying that the programme would be open to “all those who feel they are eligible to invest in the oil business.”

Referring to Sonangol’s plans to invest outside the oil and gas sector, Lemos said it would involve a strategy “that could be adjusted based on the needs and the development of our country.”

Meanwhile Sonangol and Argentine company Plus Petroleum have started producing oil at an onshore block with four wells in Angola’s Cabinda province. It is currently producing 1,000 barrels of oil per day according to Angolan daily newspaper Jornal de Angola.

The newspaper said that production would increase to 5,000 barrels per day in November once the 45-day test production stage was over.

Source: Macauhub News Agency. For more information, click here.