The President of the Republic of Angola set up a commission to study the readjustment of the organisation of the oil sector to develop an integrated and effective strategy to improve efficiency, according to Angolan news agency Angop Macau Hub reported.
The commission is entrusted with preparing a diagnostic study on the situation of the oil sector, identifying operational opportunities, quantifying the potential improvement of Sonangol EP and the best organisational model for the National Oil and Gas Industry.
The commission includes the ministers of State and Chief of Staff, Planning and Regional Development, Finance, Economy, Oil, the Governor of the National Bank of Angola, Sonangol EP and the Secretary of the President of the Republic for Economic Affairs.
Alongside the creation of the commission public company Sonangol will be restructured, as announced on 15% by the government.
Crude oil export revenues of Angolan oil company Sonangol fell 44% in September over the same month of 2014.