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Vol 7 (AAC) No 2

Published 1st December 2013

Ins and outs of the oil companies

São Tomé e Príncipe’s Agência Nacional do Petróleo signed a production-sharing contract with the Hong Kong-registered private oil company Sinoangol for Block 2 in its Exclusive Economic Zone in October. Sinoangol, established in 2010 by Portugal-based Chinese businessman Zhan Yongqiao, won the Block after direct negotiations began in April.

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