process have lacked transparency

Let us look at Chinese involvement, including loans, in Angola’s oil industry. Both the Chinese side and the Angolan side of the loan process have lacked transparency, leading to the emergence of several problems. China’s involvement in the Angolan oil sector was built on a cooperative relationship with Sonangol, a major state-owned enterprise with its headquarters in the capital city of Luanda. The three major Chinese oil companies—China National Petroleum Corporation (CNPC), China Petroeum and Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC)—do not operate independently, and their involvement in Angola has been based solely on their relationship with the Sonangol.8 สล็อต เว็บตรง