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|Sao Tome and Principe News|
China Resumes Ties With São Tomé, Which Turned Away From Taiwan
The move is a victory for Beijing, which considers the self-governing island of Taiwan a part of China’s territory.
A Small African Nation Severs Ties with Taiwan, and Beijing Applauds
The decision by São Tomé and Príncipe reduces the number of countries that have formal relations with Taipei to 21.
African Court Convicts Captain of Renegade Ship in Illegal Fishing Case
A court in São Tomé and Príncipe convicted the captain and two crew members of the Thunder, the culmination of a chase from Antarctica to the Gulf of Guinea.
No Oil Yet, but African Isle Finds Slippery Dealings
The tiny island nation of São Tomé may have attracted oil-related corruption without producing any oil.
CHEVRONTEXACO AND EXXON MOBIL IN WEST AFRICA OIL DEAL
ChevronTexaco and Exxon Mobil will announce today that they have signed a deal with Nigeria and São Tomé and Principe to produce oil in the deep water off the shores of West Africa, said a person who has been briefed on the deal. The area is estimated to hold four billion barrels of oil. In April, the oil companies were awarded the right to explore by the governments, but the contract signing was delayed. Under a law recently passed in São Tomé and Principe, all contracts between the government and oil companies are public information and money paid under those contracts is kept in a fund held by an international custodian. Heather Timmons (NYT)
Coup on Tiny African Islands Felt in Texas Oil Offices
A coup this week in the West African island nation of São Tomé and Príncipe is reverberating in the corporate suites of the energy industry here, oil company executives said today. Officials from several companies said they were anxiously monitoring events on the potentially oil-rich archipelago, a former Portuguese colony on the Equator in the Gulf of Guinea. Exxon Mobil of Irving, Tex., the world's largest oil company, and Chrome Energy, a small Houston-based oil and gas company controlled by Nigerian investors, have secured options for oil exploration in the waters off São Tomé, an area just south of oil-rich Nigeria that geologists estimate could hold up to six billion barrels of reserves.
World Briefing | Africa: São Tomé And Príncipe: Ex-Marxists Win
A former Marxist party that held power in São Tomé and Príncipe, in West Africa, for 26 years has won the general election this month by one vote, thanks to a rerun in a tiny district, the supreme court said. The preliminary results of the March 3 poll had put the former Marxist Movement for the Liberation of São Tomé and Príncipe neck and neck with the Democratic Movement of Forces for Change of President Fradique de Menezes, with 23 Parliament seats each.
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