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Presidential Decree No. 222/17 approving the Statute of SONANGOL, E.P.

Country/Territory
Angola
Document type
Regulation
Date
2017
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 168.
Subject
Mineral resources
Keyword
Institution Oil Concession Exploration Research Natural gas Processing/handling Legal proceedings/administrative proceedings Environmental planning Policy/planning
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Presidential Decree enters into force on the day of its publication.
Abstract

This Presidential Decree approves the Statute of SONANGOL, E.P. This Statute, consisting of 48 articles divided into six Chapters, establishes composition, duties, rights, obligations, organization, functioning and competencies of the above mentioned legal entity with headquarters in Luanda and administrative and financial autonomy. Its main objectives are: exploration, research, production, transportation, marketing, refining and transformation of liquid and gaseous hydrocarbons and its derivatives, including petrochemical activities. It regulates property and financial management, employees, liability to third parties and the environmental preservation.

Full text
Portuguese
Website
www.legis-palop.org