Galp prepares new Angola investment as Sonangol keeps IPO plans on track, chairman says

Sonangol, which marks 50 years in 2026, has restructured around five core business units plus a non-core division, spanning production, distribution, refining, gas, trading and shipping. Gaspar Martins said the company now positions itself as an energy company rather than an oil company, and is building a long-term position in critical minerals.