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Carlos Saturnino. File photo: Lusa
Angola’s president, João Lourenço, has dismissed Carlos Saturnino as chairman of the state-owned oil company Sonangol, and appointed Sebastião Pai Querido Gaspar Martins, who had been a board director until now.
A communiqué issued by the president’s civil staff on Wednesday said all board members had been dismissed because of “public service convenience”.
The decision comes at a time when there is a generalised fuel crisis in the country as Sonangol does not have enough hard cash to pay for importation of refined products.
Angola has very limited refining resources and imports about 80% of its fuel even though it is one of the largest oil producers in Sub-Saharan Africa.Source: Lusa
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