Government of Sao Tome and Principe grants concessions on port and international airport to Angola’s Sonangol

14 December 2010

Sao Tome, Sao Tome and Principe, 14 Dec – The government of Sao Tome and Principe is to grant the concessions on the port of Ana Chaves, the most important port on the archipelago, and the Sao Tome international airport, to Angolan state oil company Sonangol, under the terms of a deal signed Monday in Sao Tome.

As part of the memorandum of understanding signed by the prime minister of Sao Tome, Patrice Trovoada, and the chairman of the board of Sonangol, Manuel Vicente, Sonangol is to extend the airport’s runway by 300 metres, install lighting and widen it, as well as equipping and modernising the terminal building, at a cost of over US$20 million.

“This is a project that came from the previous government and that is now being carried out after the introduction of some small changes,” said a government source, who did not give details of the benefits to the Angolan oil company.

In relation to the port of Ana Chaves, Sonangol’s project, according to the same source, aims to “extend it into the sea by a few metres and equip it.”

Signing the memorandum was followed by a long meeting in which the Angolan side informed the Sao Tome government of the situation of the fuel storage project, which the Angolan company plan to build in the city of Neves, on the north of Sao Tome island, the source added.

Two other issues were also discussed at the meeting, specifically the potential acquisition by Sonangol of a stake in Sao Tome’s air carrier, STP – Airways, as well as the possibility of a partnership between the Sao Tome water and power company (EMAE) and fuel and oil company (ENCO), the latter being over 70 percent-owned by Sonangol. (macauhub)

MACAUHUB FRENCH