Sao Tome’s Oil Rejection: A warning signal Nigeria must not ignore

Sao Tome’s Oil Rejection: A warning signal Nigeria must not ignore By Rotimi Ijikanmi, News Agency of Nigeria (NAN) Sao Tome and Príncipe rejected bids for its three offshore oil blocs after its 2026 licensing round attracted only Brazil’s Petrobras and Nigeria’s Oranto Petroleum. The decision surprised many because the island nation of Central Africa had offered investors unusually generous terms, News Agency of Nigeria

  News   Jul 20, 2026   0   13  Add to Reading List
Sao Tome’s Oil Rejection: A warning signal Nigeria must not ignore












Sao Tome’s Oil Rejection: A warning signal Nigeria must not ignore

By Rotimi Ijikanmi, News Agency of Nigeria (NAN) Sao Tome and Príncipe rejected bids for its three offshore oil blocs after its 2026 licensing round attracted only Brazil’s Petrobras and Nigeria’s Oranto Petroleum. The decision surprised many because the island nation of Central Africa had offered investors unusually generous terms,

News Agency of Nigeria

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