Sonangol to invest in Vietnamese oil, gas projects

David Cameron Sonangol16 August 2013, Luanda – Angolan oil and gas firm, Sociedad Nacional de Combustíveis de Angola or Sonangol, plans to soon commence oil exploration and production activities in Vietnam following agreements signed by the governments of Angola and Vietnam.

According to a report by Angolan Press Agency, Angop, Angolan Oil Minister Botelho de Vasconcelos noted that Angola and Vietnam has been cooperating on oil and gas since 2008 but now conditions have been put in place for oil explorers in both countries to get the institutional support needed to identify various projects.

Vietnam’s Foreign Minister, Pham Binh Minh, was on a two-day visit to Angola recently to meet oil ministers and other members of the Angolan government.

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