The tourism sector in Sao Tome and Principe was bolstered Tuesday by the creation of the country’s Ministry for Trade, Industry and Tourism, according to a presidential decree.
This promotion of tourism comes just weeks after the travel channel of US TV network CNN chose Sao Tome and Principe as a “dream destination” for 2014.
Under the terms of the presidential decree, the former director of the National Oil Agency Fernando Maquengo, has been nominated as Minister for Public Works, Infrastructure, Natural Resources and the Environment replacing Osvaldo Abreu, who was removed from office.
The presidential decree nominated a new secretary of state for Infrastructure and the Environment, José Maria Amado, who was previously a senior official at the Sao Tome and Principe state water and electricity company.
With the nomination of Maquengo as Minister for Oil, the role of director of the National Oil Agency is now vacant just as the agency has put up for auction two oil blocks in the archipelago’s exclusive economic zone (EEZ).
As well as its EEZ, Sao Tome and Principe also has a joint exploration area with Nigeria based on a treaty signed in February 2001, stating that Nigeria receives 60 percent of revenues while 40 percent goes to Sao Tome. (macauhub)