Sao Tome and Principe: Petrobras to analyse seismic data of Sao Tome and Principe’s exclusive economic area

16 March 2009

Sao Tome, Sao Tome and Principe, 16 March – Brazilian oil company Petrobras plans to carry out a seismic survey of the exclusive economic area of Sao Tome and Principe and train staff for the oil sector, Sao Tome’s prime minister, Joaquim Rafael Branco said on his return to the country Saturday.

Commenting on his five-day visit to Brazil, the Prime Minister said that during a meeting with Petrobras officials it was also agreed that the Brazilian company would send a mission to Sao Tome and Principe to look into the possibility of producing biodiesel locally.

The two countries also signed agreements for the agricultural and education sectors. The agricultural agreement sets out the extension of the Sao Tome rural area. In the education sector Brazil ahs committed to building a professional training centre I Sao Tome, and provide training grants for the police, paramedics and teachers.

According to the Prime Minister of Sao Tome, the Brazilian government has also committed to funding a project for the renewal of the city of Angolares, in the district of Caué,, which is expected to cost US$40 million and includes construction of several facilities.

The city of Angolares is located some 45 kilometres to the south of the country’s capital and is considered to be the archipelago’s poorest area. (macauhub)