Jury out as President's daughter promises total Sonangol reform

摘要

New Sonangol head Isabel dos Santos promised a root and branch overhaul of the state oil firm, with the jury still deciding whether her appointment is a real precursor of change or merely an attempt to keep the family business going. The billionaire daughter of Angolan President Jose Edu-ardo dos Santos, pledged a total overhaul of cash-strapped Sonangol to improve its efficiency and margins to offset the "huge" impact of depressed oil prices. After being sworn in as chief executive, Isabel said she was looking to split the firm into three units overseeing operations, logistics and concessions to international oil companies.