Sinopec could take stake in Mozambican LNG and Angolan Oil through Galp

Chinese company Sinopec could take a stake in Portuguese oil company Galp Energia and is one of two major international oil firms interested, according to the weekly Jornal Economico.
Angolan oil company Sonangol is considering a sale of its stake in Galp Energia, and Sinopec is reported to be among the strongest suitors for the acquisition. It would give it substantial positions in Mozambican LNG and Angolan oil blocks, as well as other assets in Brazil.

Other articles


Lisbon targets the ‘New Space’ economy


Planned EU scrutiny of Chinese investment