Photo: Sonangol The Angolan Oil Company Sonangol. (file photo).
Luanda — At least
USD 45 million is paid monthly to the Angolan State, by the National
Fuel Company of Angola (Sonangol E.P), within the company's debt, in
taxes, estimated at USD 1.3 billion.
The data was
advanced at a press conference on Wednesday by the chairperson of the
Angolan oil company, Carlos Saturnino, who said that in 2017 it had paid
all arrears related to labor income taxes and other fiscal expenses.
In 2016, Sonangol's
debt was USD 9.8 billion (including payments to suppliers and taxes),
but reduced in 2017 to USD 4.8 million, as a result of the availability
injected by the State.
The new board of
oil company, led by Carlos Saturnino, appointed in November 2017 by the
President of the Republic, João Lourenço, found the company with serious
management weaknesses.
The previous
administration of Isabel dos Santos, according to Carlos Saturnino,
engaged in practices "not recommended by modern management manuals, when
making contracts that benefited companies and board members, generating
a conflict of interest."
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