Sao Tome and Principe buys US$41 million in fuel in 2013

20 February 2014

Sao Tome and Principe spent US$41.1 million on acquiring fuel, which was the country’s biggest import, in 2013, the archipelago’s National Statistics Institute (INE) said.

Figures provided to Macauhub by INE in Sao Tome showed that fuel imports, particularly gasoline, diesel, lighting oil and some mineral oils, accounted for 25.9 percent of imports last year, which totalled US$155.8 million.

Agricultural products, with 16 percent of the total and the equivalent of US$24.8 million and food products with 14.6 percent, and US$22.7 million, were the next largest groups of imports.

In 2012, the value of fuel imports also topped the list at 25.9 percent, reaching a total of US$38.7 million.

Angola is Sao Tome and Principe’s largest fuel supplier via state oil company Sonangol, which is the main shareholder of Sao Tome and Principe’s national fuel and oil company, ENCO.

The archipelago’s largest consumer of fuel is the country’s water and electricity company, EMAE, which produces 80 percent of its power using liquid fuel. (macauhub)