Sonangol - Sociedade Nacional de Combustiveis de Angola, E.P. - was established in 1976 from the nationalization of Angol, decree 52/76 instituted Sonangol U.E.E as a state owned company whose mission was the management of hydrocarbon resource exploration in Angola. Despite having the government as the sole shareholder, Sonangol has always been governed as a private company and is under strict performance standards to ensure efficiency and productivity.
Sonangol's activities include exploration, development, marketing, production, transportation and refining of hydrocarbons and its derivatives. Those activities can be performed independently or in association with other companies - national or foreign.