The Angolese state-run oil and gas company Sonangol and Total have finalised their December 2018 agreement to set up a joint venture (JV) to develop a common retail and distribution activity in Angola, after receiving all required regulatory approvals.
Partners will firstly focus on fuel distribution and lubricants sales on the business to customer (B2C) segment and will establish a network of service-stations under the Total brand. Sonangol will bring in 45 existing urban and highway service-stations. Total will contribute the necessary financial resources to help meet Sonangol's target to double the number of filling stations and to develop business to business (B2B) activities. Total will address both petroleum products logistics and supply (imports and storage) of refined products based on the outcome of the country's ongoing downstream petroleum sector liberalisation process.
Total has been active in the Angola's upstream sector since 1953 and is carrying out exploration and production, gas, renewables, marketing, trade and shipping activities in the country. Total is the country's largest oil operator with production of around 211 kb/d in 2018, mostly from Block 17 (operator with 40% interest), Block 32 (operator), Block 0 (10%), Block 14 (20%) and Block 14K, a joint development area with the Republic of the Congo (36.75%). Total also has a 13.6% stake in the 5.2 Mt/year Angola LNG plant.