News
15 February 2023

Galp sells Angolan assets to SOMOIL in $830m deal

In:
Oil & gas
Region:
Middle East & Africa

Portuguese energy group Galp has signed a deal with Sociedade Petrolífera Angolana (SOMOIL) for the sale of its upstream assets in Angola.Proceeds are expected to reach about $830 million, already net of capital gain taxes, including $655 million to be received until completion and $175...

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