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Investment & Exploration of Oil Blocks
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The investment and exploration of oil blocks consist of:
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Oil blocks in Angola |
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Oil blocks in Argentina |
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Ultra-deep sea oil blocks in Nigeria |
Moreover, China Sonangol has a joint venture with China Petrochemical Corporation recently, to invest oil fields in overseas. |
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China Sonangol’s oil trade has experienced solid development. Currently,over several hundreds thousands barrels of oil are exported and traded from Angola to China every day.
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Large-scale National Reconstruction Projects in Angola |
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Public housing scheme at Luanda and 17 provinces; |
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New city planning and development at Luanda. |
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Infrastructure Projects in Angola |
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Hundreds of million US dollars were spent for the purchase of equipments and construction materials, which were shipped from the ports of Shanghai, Tianjin and Fangcheng in China to Luanda Port, Lobito Port and Namibe Port in Angola. |
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