fbpx

Total and Sonangol sign JV for Angola Retail Operations

Total and Sonangol have announced the conclusion of a joint venture (JV) agreement to develop petroleum product retail operations in Angola.

The core focus of the JV is to market fuel and sell lubricants in the business-to-consumer and business-to-business segments. This will be achieved through Total’s implementation of service stations, the first of which was launched in Luanda last year. Total will also provide financial resources, which will be used to increase the number of service stations over the next five years.

Together with its partner Sonangol, Total will also provide the development of a service station network, designed to meet the highest international standards, while providing customers with a high-quality product and service line-up.

 

Share This Article

Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on email
Shuaib Van Der Schyff

Shuaib Van Der Schyff

A Digital Marketing Coordinator, and a Graduate from the University of Cape Town with a Bachelor of Arts Degree in Media Studies and English Literature.

Subscribe to our newsletter

Sign up for latest news and event info

Copyright © 2021 Energy Capital & Power. Privacy Policy · Terms of Use