China Sonangol International

China and Angola first established two joint venture companies, China Sonangol International Holding (CSIH) and China Sonangol International (CSI). In 2004, CSIH and CSI established Sonangol Sinopec International (SSI). In general, the two countries have agreed that the Export-Import Bank of China will provide loans to Angola and that the loans will be jointly administered by the Angolan Ministry of Finance and the Chinese Ministry of Commerce.9 A Chinese state oil company, usually Sinopec, will extract Angola’s petroleum in collaboration with Sonangol.10 สล็อต เว็บตรง