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Since the 1800s, the economy of São Tomé and Príncipe has been based on plantation agriculture. At the time of independence, Portuguese -owned plantations occupied 90% of the cultivated area. After independence, control of these plantations passed to various state-owned agricultural enterprises. The dominant crop on São Tomé is cocoa ...
ERHC, is a publicly traded American corporation with oil and gas assets in Sub-Saharan Africa. [1] [2] The company has oil and gas exploration interests in the Republic of Kenya, Chad and São Tomé and Príncipe. Oil and gas explorations are also located in the Principe Exclusive Economic Zone (EEZ) and the Nigeria-São Tomé and Príncipe ...
São Tomé and Príncipe is a Portuguese-speaking island nation in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main islands: São Tomé and Príncipe, located about 140 kilometres (87 miles) apart and about 250 and 225 kilometres (155 and 140 miles), respectively, off ...
São Tomé and Príncipe, [ a ] officially the Democratic Republic of São Tomé and Príncipe, [ b ] is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main islands of São Tomé and Príncipe, about 150 km (93.21 mi) apart and about 250 and 225 km (155 ...
The JDZ was divided into nine blocks, and a licensing round was opened for bids in 2004, which resulted in the award of Block 1 to a consortium made up of Chevron Corporation of the United States (51%), Esso Exploration and Production Nigeria-Sao Tome (One) Ltd. (40%), and Dangote Energy Equity Resources Ltd. (a joint-venture of the Dangote ...
Sao Tome has an exclusive economic zone of 142,563 square kilometers, and a naval force of around fifty volunteers. [7] The country's coast guard's main role is the protection of this EEZ, and the areas where oil and gas exploration are being considered. In 2005, the US provided a 27-foot Boston Whaler Challenger (8.2 m) inshore patrol vessel. [2]
United States. São Tomé and Príncipe – United States relations are bilateral relations between São Tomé and Príncipe and the United States. The U.S. Ambassador based at the embassy in Libreville, Gabon was accredited to Sao Tome on a non-resident basis until 2022, when that role was designated to the U.S. Ambassador based at the embassy ...
São Tomé and Príncipe does not have any mining, besides small pits to supply local clay, gravel and stone demand. For years, geologists and the country's government suspected that oil might be present offshore, like Bioko in Equatorial Guinea. The government established a National Petroleum Agency in 2004 to license exploration.
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