Sao Tome and Principe: Aid from Equatorial Guinea to the archipelago to be more selective

20 January 2009

Lisbon, Portugal, 20 Jan – The current world economic crisis will imply greater selectivity in the projects to be supported by Equatorial Guinea in Sao Tome and Principe, the Guinean minister for foreign affairs said Monday in Lisbon.

In na interview with Portuguese news agency Lusa, Pastor Micha Ondo Bile said that there would be a meeting of the bilateral commission this year at which projects would be selected that could benefit from funding and involvement of Guinean companies.

Equatorial Guinea had proposed joint oil exploration with Sao Tome and Principe in an oil block on the sea border between the two countries, as well as funding some infrastructure projects considered to be apriority for the archipelago, such as ports and airports.

The lack of results in this respect, according to Ondo Bile, is due to a succession of new governments in Sao Tome and Principe.

The Guinean minister declined to identify which projects were considered most attractive for Equatorial Guinea, but said it was possible the country would be involved in oil exploration in the Sao Tome exclusive economic area. (macauhub)