Sao Tome and Principe receives 6 proposals for oil blocks

25 November 2010

Sao Tome, Sao Tome and Principe, 25 Nov – Sao Tome and Principe’s National Oil agency (ANP) has received six proposals for oil block concessions in its exclusive economic zone (EEZ), the chief executive of the ANP said in Sao Tome.

Luís dos Prazeres also said that the six proposals were mainly from neighbouring countries such as Nigeria and Angola.

Prazeres, noting that large oil companies had not shown interest in the auction, said that the proposals would be opened next week. (macauhub)