Africa Monitor

Africa Monitor Intelligence

São Tomé and Príncipe: Oil Euphoria Returns and Fuels Election Campaign

The Sao Tome National Petroleum Agency, at the level of its management, is taking for granted the existence of oil in marketable quantity in Block 6 being drilled in the EEZ. Adding to the favorable local prospects, Shell, Galp's exploration partner, has been reinforcing its presence in São Tomé for the security of its investments.

The prospect of oil investments, and revenues for the State expected during the term of the next Government, has been constituting in political circles an added factor of dispute between the parties competing in the elections of 25.SEP. READ MORE