Angola Kicks Oil Privatization Into Overdrive ...Middle East

OILPRICE - Economy
Angola Kicks Oil Privatization Into Overdrive
source : OILPRICE ( Middle East ) () 23
Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol. The aim of the government is to sell a majority stake in ENSA by the end of November and then the rest of its holding in the company in two to five years, Reuters reported, citing the company’s board chairman. Angola has earmarked for sale as many as 195 state-owned assets, with the disposals to be completed by the end of next year. Sonangol, a crown jewel, will be privatized next year, along with…

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