Total, Sonangol to develop retail network in Angola

French oil giant Total and Angola’s national oil company Sonangol have signed an agreement to develop a retail fuel network in the country, according to a company release.

The two companies will also partner in logistics and supply of oil products and renewable energy.

The downstream deal is only one of the agreements signed by Carlos Saturnino, new Chairman of Sonangol, and Patrick Pouyanné, Chairman and CEO of Total at Sonangol’s headquarters in Luanda.

“Today’s agreements demonstrate Total’s willingness to contribute to this dynamic by restarting exploration offshore in Angola, launching new projects such as Zinia 2 on Block 17, and extending our cooperation with Sonangol to new businesses in oil product distribution and renewable energy,” said Pouyanné.