Angolan state oil company Sonangol launched an international public tender for the sale of its stakes in nine companies, according to information published on its website.

The deadline to submit applications are May 15 for Sonatide Marine and Sonatide Marine Angola and May 30 for Petromar. The submission of proposals is scheduled for June 15 and July 23 respectively.

Qualification documents must be submitted under the terms of the tender outlined by Sonangol. In addition, a provisional bond of between $7,000 and $15,000 or the equivalent in kwanzas must be paid.

The sale of the stakes is part of the privatization program and also covers the sale of 10% of the share capital of shipyard company Porto Estaleiros Navais (Paenal), 33.33% of SBM Shipyard, 30% of Sonadiets Limitada and 30% of Sonadiets Services.

Sonangol also intends to sell 30% of its stake in Petromar, as well as 51% in companies Sonatide Marine Limited and Sonatide Marine Angola Limitada along with 40% in Sonamet Industrial and Sonarcergy – Serviços e Construções Petrolíferas, Lda.

Source: PetroleumAfrica.com