Angola: Sao Tome and Principe plans to work with Sonangol in oil exploration

3 December 2007

Luanda, Angola, 3 Dec – The Natural Resources and Environment Minister of Sao Tome and Principe, Manuel Deus Lima said Sunday in Luanda that his country intended to cooperate with Angola’s Sociedade Nacional de Combustíveis de Angola (Sonangol), in the area of oil exploration.

Speaking to Angolan news agency Angop moments before returning to his country, Manuel Lima said that his country was moving ahead with a slight change in legislation to the oil sector, in order to allow for direct negotiations.

“As soon as these obstacles are overcome we will move on to the phase of signing the agreement between Sonangol and Petrogás, which will possibly take place in the first quarter of 2008, at the time of the visit of my Angolan counterpart, Desidério Costa, to Sao Tome and Principe,” he noted.

According to Lima, who was in Angola as part of a visit by the 6th mixed Angola/Sao Tome and Principe commission, the partnership with Sonangol will be of great benefit to the sector, as the Angolan company has a great deal of experience in the oil sector.

Angola and Sao Tome cooperate in many areas and within the scope of this meeting of the mixed commission, have signed deals in the agricultural, fisheries, trade and sports sectors. (macauhub)