Investing in African markets next step of Sonangol’s internationalisation process

Focussing on African markets in the coming years will be a priority in the internationalisation process of the Angolan public oil firm Sonangol, announced last Wednesday in Houston City, State of Texas (U.S.A), the company’s executive director, João dos Santos.

João dos Santos disclosed this information in Houston in the end of the works of the Offshore Technology Conference (OTC), which happened on 01-04 May, in which Sonangol exhibited and divulged its work and that of its branches.

“In principle, we have the idea of participating in similar events in the African continent. There will be a conference in the end of the year in South Africa, in which we’ll participate once more and present workshops with a view to internationalising our branches”, he said.

He said this move is necessary because the company today offers quality work and with international standard, which has been recognised by its customers.

He said Sonangol will initially focus in the eastern and western regions of Africa.

As regards Sonangol’s participation in the OTC event, João dos Santos said that this mission has been well planned by Sonangol Holdings and its branches, thus resulting in a success.

In view of such success, the source said, “we should not stop here, because both the (company’s) exhibition and workshops were positive events”.

He went on to say that the Sonangol representatives left the OTC with a lot of information, since the various participants spoke openly, so the results of the firm’s participation in the event are satisfactory.

The Offshore Technology Conference (OTC), established in 1969, brings together industry professionals and companies from all over the world for the exhibition and exchange of ideas in this field, specifically on the most advanced knowledge.

This year more than two thousand exhibitors showed their latest innovations in the technological field and addressed the market prospects.

Source: Angop

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