RUBY - Remember that Nigeria and Sao Tome had a visit fm the Norw. Oil Directorate and I belive there was made a ''consulting agreement'' at least with Nigeria.
It would not surprise me to see that they use the Norwegian Model as a template for their new oil rich to come. Here is info on same from the Norw. National Bank:
The Petroleum Fund The Norwegian Storting adopted the Act relating to the Government Petroleum Fund in 1990. The Ministry of Finance is responsible for the management of the Fund, and has delegated responsibility for the operational management of the Fund to Norges Bank. The capital in the Fund is invested in foreign financial instruments (bonds, equities, money market instruments and derivatives). Read more >>
STP News: Think Ruby's machine translation got it mostly right. But for the record:
Online Tela Non reports a workshop of non-governmental organizations (NGOs) in STP called on govt to "make public and ease access to all documents arising from oil negotiations."
Also urged govt to devote future oil revenues to the training of professional "cadre" and to the development of other economic sectors and construction/rehabilitation of islands' infrastructures.
The meet was organized by Brit NGO International Alert around theme: "Oil can be a blessing - the positive Norwegian experience."
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