Sace guarantees US$200mn for Sonangol

(Global Trade Review, Rome, 5 June 2015) Italian export credit agency Sace has guaranteed a line of credit worth US$200mn for Angolan national oil company Sonangol, GTR is able to confirm.The goal is to increase the export of goods and services between Italian companies active in oil and gas in emerging markets, and sub-Saharan Africa in particular.