The OPEC Producer Looking To Sell A Stake In Its Oil Company ...Middle East

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The OPEC Producer Looking To Sell A Stake In Its Oil Company
source : OILPRICE ( Middle East ) () 20
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened the country’s finances. Angola is considering selling part of Sonangol, as well as a stake in the national diamond company Endiama, potentially via initial public offerings (IPOs), Finance Minister Vera Daves de Sousa said at a Bloomberg forum this week.  “We are targeting the end of 2021, beginning of 2022 to start the process of the privatization…

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