Natural Gas Daily Africa Policy & Regulation

Angola’s oil and gas insurance reshuffle: Part 1

By Leigh Elston 15 April 2016
Angola’s President José Eduardo dos Santos has disbanded the country’s oil and gas insurance company. (PA) Angola’s President José Eduardo dos Santos has disbanded the country’s oil and gas insurance company. (PA)

Angola has pledged to restructure its state-controlled oil and gas insurance market, which has become notorious among operators for charging exorbitant premiums.

In a presidential dispatch published on 30 March, the government disbanded AAA Financial Services, the insurance company created by Angola’s state-owned oil company Sonangol.

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