Wednesday, March 03, 2010 5:58:01 AM
The domestic economy
Exploration activity in the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) appears to have borne fruit, following the recent discovery of substantial hydrocarbon reserves in Blocks 2, 3 and 4. The government has announced plans to create a national oil company with help from Angola's national oil company, Sonangol. Sao Tome's power crisis has intensified, with an estimated 70% of the country languishing without power in early December.
http://www.reportbuyer.com/countries/africa/country_report_sao_tome_principe_january_2010.html
Krombacher
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