AGP Executive Report
Last update: 11 hours agoOffshore Energy Deal: Petrobras has completed its acquisition of operatorship and a 75% stake in São Tomé and Príncipe’s offshore Block 3 exploration license, with Oranto holding 15% and the National Petroleum Agency 10%, as the company pushes frontier exploration to replenish reserves. Power Sector Modernisation: TECMON Energy wrapped up a 29 June–2 July working visit to São Tomé and Príncipe, building on a January 2026 MoU with the Ministry of Infrastructure and Natural Resources to stabilise and modernise the electricity value chain—generation through metering and revenue protection—via technical talks with DGRNE and EMAE. Shipping Costs for West Africa: CMA CGM announced new July 2026 Peak Season Surcharges, including a US$200 per TEU charge on China-to-West Africa North Range services covering São Tomé and Príncipe (plus others), signaling higher logistics costs for regional trade. Visa & Mobility Watch: Namibia published an updated visa-on-arrival list for 28 African countries, including São Tomé and Príncipe, while broader “golden visa” interest continues to reshape residency-by-investment rules across countries.
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