The Angolan government has re-appointed Manuel Vicente to a fourth three-year term as chairman of state-owned oil company Sonangol, a spokesman for the company said today.
Vicente will oversee the construction of an $8 billion liquefied natural gas plant in Soyo and a new refinery in Lobito, wrote Reuters, the global news agency. Sonangol is also expected to be listed on the Luanda Stock Exchange, which is due to be established in 2009. Angola rivals Nigeria as sub-Saharan Africa’s biggest oil producer, pumping almost 2 million barrels per day.
