AGP Executive Report
Last update: 6 hours agoOffshore Oil Update: Petrobras has completed its acquisition of a 75% stake and operatorship in Block 3 offshore São Tomé and Príncipe, with Oranto holding 15% and the National Petroleum Agency 10%, strengthening Petrobras’ West Africa exploration push. Licensing Setback: São Tomé and Príncipe has rejected bids in its latest exploration licensing round for ultra-deepwater blocks 7, 8 and 9, saying proposals lacked operator diversity, so no new licenses will be awarded. Electricity Sector Modernisation: TECMON Energy wrapped up a 29 June–2 July working visit to São Tomé and Príncipe to support stabilisation and long-term transformation of the national power sector, covering the full electricity value chain, metering, payment systems and revenue protection. Independence & Business Priorities: On its 51st independence anniversary, President Carlos Vila Nova called for unity and highlighted economic and social independence challenges including youth employment, entrepreneurship and women’s empowerment. Regional Mobility for Trade: Mozambique confirmed a 2026 list of African countries eligible for visa-free entry for tourism and business, while noting that eTA requirements and stay lengths can vary by nationality.
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