• 6 minutes Can the World Survive without Saudi Oil?
  • 10 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 5 hours Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 12 hours Judge Approves SEC Settlement With Tesla, Musk
  • 7 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 7 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 10 hours EU to Splash Billions on Battery Factories
  • 7 hours China Thirsty for Canadian Crude
  • 9 hours Iranian Sanctions - What Are The Facts?
  • 12 hours Gold price on a rise...
  • 12 hours Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 8 hours Two Koreas: U.N. Command Wrap Up First Talks On Disarming Border
  • 7 hours Shell, partners approve huge $31 billion LNG Canada project. How long till Canadian Federal government Environmentalates it into the ground?
Alt Text

How A Carbon Tax Would Be Implemented

A rather simple solution to…

Alt Text

Oil Price Rally Boosts Electric Car Sales

While $100 oil is believed…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

The Toilet Paper Crisis: Angola’s Oil Firm Can’t Supply The Basics

Toilet Roll

Sonangol, the state oil company of Africa’s current number-one oil producer seems to be in shambles, with the management unable – or unwilling – to pay for washroom supplies, according to employees cited by local media.

People working for the company, on which their entire country depends, say they are embarrassed that they have to bring their own toilet paper to work (BYOT). The management, however, is spared this embarrassment, they told Maka Angola–a media outlet close to the opposition.

"Every worker has to bring their own toilet paper from home because Sonangol has been unable to pay its suppliers and we have a toilet paper crisis," one official shared.

This management, a whole new one, has at the helm Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos. She was appointed by her father to the high seat earlier this year in a surprise reshuffle that saw the previous executive ousted.

When Dos Santos took the helm of Sonangol, she pledged to make the company transparent and to separate its core operations, spinning off the rest to improve focus.

The reshuffle put the company in the spotlight, especially since shortly after the appointment of Dos Santos to the CEO position, the government of Angola canceled talks with the IMF about a US$4.5-billion loan that would have helped it to prop up its oil crisis-battered finances. Related: OPEC Is Now Irrelevant – This Oil Price Plunge Is Different

Last month, it emerged that Chevron, a long-time partner of Sonangol, is demanding US$300 million in a debt repayment, threatening to otherwise end the relationship. Soon after this, Sonangol announced it had agreed to a debt payment of US$200 million, without mentioning the name of the receiver, adding that a plan is in place for the remainder of the sum.

Meanwhile, Angola’s Supreme Court is probing the younger Dos Santos’ appointment. The probe was launched after a group of 14 lawyers filed a case that accused the President of nepotism and breaching the country’s probity legislation.

The Sonangol employee who talked to Maka Angola said that “The former administration 'ate' well. Now I suppose it's the turn of the new administration.”

A Whatsapp group has been formed to discuss the issue, naming itself “There is no toilet paper.”

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News