AGP Executive Report
Last update: 7 hours agoIndependence Anniversary: São Tomé and Príncipe marked its 51st independence day on July 12, with President Carlos Vila Nova urging national unity and peace ahead of a run of elections, while stressing that political independence is not enough without stronger social and economic progress. Petroleum Licensing: The National Petroleum Agency (ANP-STP) rejected all bids for ultra-deepwater blocks 7, 8 and 9, saying proposals failed state criteria—especially operator diversification—despite industry interest after recent exploration results. Energy Sector Modernisation: TECMON Energy wrapped up a July 29–2 July working visit focused on stabilising and modernising the electricity sector, covering the full value chain from generation to revenue protection with a push to cut losses and improve reliability. Offshore Investment: Petrobras completed its acquisition tied to offshore Block 3, taking a 75% operating interest as part of a reserve-replacement strategy, with Oranto holding 15% and ANP-STP 10%. Regional Diplomacy: Angola’s President João Lourenço sent congratulations to Vila Nova, and Morocco’s King Mohammed VI also issued a message praising ties and cooperation with São Tomé and Príncipe.
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