ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Thu, 06 Apr 2017 19:18 - Updated Thu, 06 Apr 2017 19:18

Angola buys two new oil tankers

Luanda - Angola’s Sonangol Shipping company has purchased two Suexmax oil tankers with a capacity for one million barrels each, rising to 12 the number of vessels available in the country for the transportation of crude oil.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Oil tanker on Angola's offshore

Baptised Sonangol Cazenga (homage to one of Luanda’s historical municipalities) and Sonangol Maiombe (to honour the world’s second largest rain forest), the two tankers were built by a South Korean firm.

According to the Angolan Oil Company CEO, Isabel dos Santos, the purchase of the two new oil tankers responds to Sonangol’s new vision based on rigour and investment selectivity.

She added in a note that Cazenga and Maiombe will enable Angola to active and lucratively participate in the international shipping market.

Their purchase attests to the excellent relations between Sonangol and its international partners, which has led to the conclusion of this project as planned at lower cost, the note also says.

The source further states that the two vessels will start operation immediately. Cazenga in April, followed by Maiombe in May this year, serving Middle East companies that have hired their transportation services.

According to the note, most of the tankers’ crews are Angolan, which highlights Sonangol’s commitment to continuous and growingly invest in the technical and technological training of its personnel, enabling them to perform professional duties in the demanding world oil market.

Read also
  • 31/01/2019 11:49:09

    Brent opens high in London

    London - Brent oil for March delivery opened High on Thursday in the London futures market a 62,19 US dollars, with a variation of 0.67% in relation to the previous session.

  • 30/01/2019 16:52:13

    Brent opens high in London

    London - Brent oil barrel for March delivery opened on Wednesday in the London futures market at USD 61.55, up 0.48% from the close of the previous session.

  • 27/01/2019 12:49:34

    Sonangol in world's best 100 firms

    Luanda - The Angolan State-owned oil firm Sonangol has been included in the list of the world?s best100 firms, deemed the best fully integrated company in Africa in 2018, by the British magazine ?World Finance?.

  • 25/01/2019 12:18:21

    Brent opens high in London

    London - Brent crude for March delivery opened high on Friday in the London futures market at USD 61.78, with a variation of 1.05% in relation to the previous session.