Sonangol’s prime objective is the prospecting, research, development, production, transportation, commercialization and transformation of liquid and gaseous hydrocarbons and their derivatives, including petrochemicals.
Sonangol may, in terms of applicable legislation, establish in conjunction with national and/or foreign entities the type of association and cooperation that is most beneficial to the fulfillment of its social objective.
Sonangol may, in pursuing its social objective, constitute new companies and acquire all or part of the capital of an established company and whenever it detains a totality or a majority of the voting capital of said companies, it will establish the coordination, economic and financial direction and the business development of the said company.
When establishing companies and joint ventures, SONANGOL shall observe the principles of specialization and vertical integration, in order that the companies thereby constituted maintain their legal identities .
