Sao Tome and Principe: Sonangol opens fueling stations in Sao Tome

22 July 2008

Sao Tome, Sao Tome and Principe, 22 July – Angolan oil and fuel company Sonangol Monday in Sao Tome and Principe opened two fuel stations having made an investment of US$2.5 million, said the company’s representative in Sao Tome, Osvaldo Vaz.

The two service stations, with a capacity of 200 cubic metres of fuel, run on a self-service system as well as having convenience stores, a surveillance system and car maintenance service.

The representative of the Angolan oil company in Sao Tome said that the construction of these fuel stations, supplying petrol, diesel and oil is part of a Sonangol investment project in this sector in Sao Tome and Principe.

The inauguration ceremony for the two stations was attended by the Sao Tome President, Fradique de Menezes.

Sonangol is currently involved in the distribution of fuel in Sao Tome and Principe through local company ENCO, in which the Angolan company has a 40 percent stake.

Sonangol has also shown interest in taking part in the oil exploration process in the exclusive area of Sao Tome and Principe. (macauhub)