SONANGOL UNIVERSO Uwww.universo-magazine.comniverso DECEMBER 2014 Building a better Angolan future ISSUE 44 – DECEMBER 2014 CHEVRON NATIONAL POOLING ANGOLA: SHOW TIME: RESOURCES: INSIDE: Surging ahead Fenacult 2014 success Stena Sonangol oil and gas news Houston, home to Sonangol USA and Chevron OVERVIEW Universo is the international magazine of Sonangol President Francisco de Lemos José Maria Executive administrators: Anabela Soares de Brito da Fonseca, Ana Joaquina Van-Dúnem Alves da Costa, Fernandes Gaspar Bernardo Mateus, Fernando Joaquim Roberto, Mateus Sebastião Francisco Neto, Paulino Fernando Carvalho Jerónimo Non-executive administrators: Albina Assis Africano, José Gime, André Lelo, José Paiva Shutterstock Sonangol Department for Communication & Image Director Mateus Cristóvão Benza Shutterstock Corporate Communications Assistants Sonangol’s American Nadiejda Santos, Paula Almeida, Hélder Sirgado, Kimesso Kissoka mission control Publisher: Sheila O’Callaghan Editor: John Kolodziejski Managing Editor: Mauro Perillo ouston, Texas, the North American hub of Sonangol’s Art Director: Tony Hill global operations, is the focus of our December Sub Editor: Brian MacReamoinn issue. Here, Universo visited Sonangol USA’s HQ, Proofreading: Gail Nelson-Bonebrake which deals with oil marketing and trading, and, Circulation Manager: Matthew Alexander Hin the same office suite, Stena Sonangol Suezmax Pool, which Production Assistant: Sebnem Brown oversees shipping operations. Nearby, we dropped in at the office Project Consultant: Nathalie MacCarthy of WAMS, the body allocating and looking after Sonangol scholars Group President: John Charles Gasser in North America. A fourth stopping point was Chevron’s Africa department in Houston’s downtown, where we got an update on the impressive engineering feat of the Congo River Crossing Pipeline and other major Chevron projects in Angola. Universo is produced by Impact Media Custom Publishing. The views expressed in the publication are not necessarily The lasting, uplifting impressions of Angola’s presence in those of Sonangol or the publishers. Reproduction in whole or in part without prior permission is prohibited. Houston’s oil sector were, firstly, the rapid career ascension and This magazine is distributed to a closed circulation. progress of young Angolans, especially in the areas of shipping To receive a free copy: and trading, and secondly, the massive rise in the numbers [email protected] Circulation: 15,000 of Sonangol scholars through the WAMS system, a figure that recently more than doubled to 500. Davenport House, 16 Pepper Street, London E14 9RP United Kingdom Even if one does not consider Houston ‘the oil capital of the Tel + 44 20 7510 9595 | Fax +44 20 7510 9596 world’ as one interviewee claimed, then it is certainly a great place [email protected] www.universo-magazine.com to see how Sonangol is expanding and how well young Angolans www.sonangol.co.ao are progressing professionally in the industry. [email protected] Front cover: Paenal John Kolodziejski Editor 2 SONANGOL UNIVERSO Contents Brazuk 4 ANGOLA NEWS BRIEFING A roundup of national and international news concerning Angola 7 FIGURED OUT 8 A brief glance at Angola in numbers 8 CHEVRON TAMES THE CONGO An update on the colossal projects of the US oil giant in Angola 16 SONANGOL NEWS BRIEFING Highlights of noteworthy news items from Sonangol EP and 20 its subsidiaries Stena 20 SONANGOL USA: NEW ERA, NEW CLIENTS Sonangol’s quest for new markets in the Americas as the United States becomes more self-sufficient in oil and gas 28 28 STENA SONANGOL: POOLING RESOURCES An update on Sonangol’s successful joint venture in shipping Brazuk Ltd Stena 36 WAMS: SUPPORTING STUDENTS How Sonangol’s scholarship support company is multiplying opportunities in North America for Angolan students 36 40 ASSET INTEGRITY MANAGEMENT: AIMING HIGH Jose Frade The steps Sonangol is taking to manage some of its aging production assets 44 NATIONAL SHOW TIME The highlights of Angola’s national cultural festival, Fenacult 2014 44 DECEMBER 2014 3 Angola news briefing Indonesia co-operation deal Jakarta ■ Angolan Vice President, Manuel Vicente conveyed President José Eduardo dos Santos’ congratulations to Indonesia’s newly elected President Joko Widodo during a four-day visit to Jakarta at the end of October. Vicente, on behalf of President dos Santos, also expressed Angola’s readiness to reinforce co-operation between the two countries and thanked Indonesia for its support in the recent bid for a UN Security Council non-permanent seat. Angola is Indonesia’s third-largest African trading partner, after Nigeria and South Africa. Vice President Vicente witnessed the signing of a framework co-operation accord intended to boost oil and gas trade between the two countries. The deal also covers the energy and service sectors. Indonesia produces about 800,000 barrels of oil per day, while demand is five times greater. Shutterstock African art shines at London fair ■ Photographic work by art and aims to put together the Somerset House Angola’s Venice Biennale 2013 best collection possible. winner, Edson Chagas, was “Not the most expensive, nor on display at a London fair the largest in volume, but that dedicated to African art held in which stimulates and enriches October. The event, titled 1:54, the best African artistic scene,” represented the 54 countries Sindika Dokolo said. which make up the African The foundation is dedicated continent. Pieces by more than to collecting, preserving, 100 artists were on show in 27 safeguarding and diffusing galleries at Somerset House on artistic production, especially the banks of the River Thames in Angola. It launched the first in central London. African Triennial and is behind The fair was sponsored by the Third Luanda Triennial the Sindika Dokolo Foundation scheduled for 2015. The as part of its efforts to stimulate foundation is also believed and promote contemporary to be backing an initiative to African art. The foundation create a contemporary art holds 5,000 works of African centre in the Angolan capital. Shutterstock 4 SONANGOL UNIVERSO Angola news briefing IMF sees 5.9% growth in 2015 Inventors ■ Angola’s economy is expected to grow 3.9 per cent this year and 5.9 per cent in 2015, according to the latest International Monetary Fund (IMF) World Economic Outlook. strike gold In a separate announcement, Angola’s central bank, Banco Nacional de Angola, has predicted the country’s economy will grow at an annual average of 5 per cent over the ■ Angolan inventors won 10 next four years, driven by the growing participation of the private sector. medals, including two gold, five silver and three bronze, at the 66th International Trade Fair – Ideas, Inventions and New Products (iENA). The gold medals went to the Medicines and Toxicology Information Centre (Cimetox) at the Faculty of Medicine of Lueji A’Nkonde University for the production of the first antiophidic serum and computer systems firm Sistec for its electronic voting station. The Angolan entrants were competing with more than 700 exhibitors representing 32 countries from every continent. The fair took place in Nuremberg, Germany from October 30 to November 2. Shutterstock Angola in $250 million International UN funding deal golf tees off ■ The Angolan government is to receive $250 million in support from the United Nations ■ Angola plans to host an international open golf for social sector projects. Angola’s Minister tournament in February 2016, under the umbrella of for Planning and Territorial Development the professional association for the sport in Europe, Job Graça signed the agreement with Youth and Sports Minister Gonçalves Muandumba UN Co-ordinator for Systems Dr Hernando announced in October. Agudelo, on November 5. The funds will be used in the areas Shutterstock of sustainability, social and economic development for the period 2015–19 in line with priorities identified in Angola’s National Development Plan (2013–17), explained Minister Graça. The support will allow greater UN co-operation in planning and implementing specific projects in areas such as education, health and social care. The Ministry of Planning and Territorial Development is responsible for drawing up and implementing Angola’s public investment programmes. Shutterstock DECEMBER 2014 5 Angola news briefing Finance minister takes charge Minister Armando Manuel ■ Angola has taken over the presidency of the Ministers of Finance of Southern and East Africa regional group for the 2014–15 period. In the move, Minister for Finance Armando Manuel replaced his Namibian counterpart Saara Kuugongelwa in the post. At the opening meeting of the organisation’s Council of Ministers, which represents 17 member states, Manuel said Angola would continue developing and improving measures to fight money laundering and the financing of terrorism. He also congratulated Uganda on adopting money laundering laws in October 2013 and for beginning the implementation of these laws through the establishment of a financial intelligence unit. The presidency of Angola will seek to encourage member countries to develop legal mechanisms and structures to comply with the resolutions of the UN Security Council on preventing, suppressing and stopping the proliferation of weapons and their funding, he said. Angolan handball champions again Angop ■ Angola’s Primeiro de Agosto female handball team won the African club championship in Tunisia in October with a narrow 27–25 win over its national rivals Petro de Luanda, the champions in 2013. In a remarkable show of the strength of women’s handball in the country, Angola’s Progresso de Sambizanga also took the bronze medal in the pan- African competition with a 28–25 victory over Étoile du Congo. Fans turned out in force to welcome home the new African champions at Luanda’s International Airport and on the streets of the city. 6 SONANGOL UNIVERSO Angola news briefing Population now Angola elected to over 24 million UN Security Council ■ Angola was elected a non- permanent member of the UN United Nations Security Council for two years (2015–16) on October 16.