Angolan Oil

Is President Joao Lourenco’s team driving the Angolan Oil Rebound?

Is President Joao Lourenco’s team driving the Angolan Oil Rebound?

Since his term in office started in the Summer of 2017, the administration of nearly every national strategic asset has been changed. Particularly in Sonangol, the leadership of Africa’s richest woman and the daughter of former president José Eduardo dos Santos, Isabel dos Santos, has been replaced by an oil industry-savvy technocrat named Carlos Saturnino, which has over 30 years of oil industry experience within Sonangol’s core businesses.