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Sonangol, Angola’s state-owned oil company, could take a controlling stake in Portugal’s Galp oil company as part of its ambitious overseas acquisition strategy. In late February, Sonangol Chairman Manuel Vicente said there was a ‘possibility’ of Sonangol buying Italian state oil company ENI’s 33% stake in Galp; Sonangol already controls a third of Galp’s shares via a holding company, Amorim Energia, 45% of which is owned by Sonangol subsidiary Esperaza Holding BV....

(This article contains approximately 261 words)

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Keywords:

Portugal, Manuel Vicente, Italian, Swiss, Konema Mwenenge, British, Sindika Dokolo, Isabel dos Santos, José Eduardo dos Santos, Américo Ferreira de Amorim, Mateus de Brito, United States, China, Amorim Energia

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amorim(4) dokolo(2) eni(2) esperaza(2) exem(2) galp(5) oil(4) portugal(2) santos(2) sonangol(13) vicente(2)