AGP Executive Report
Last update: 2 hours agoOil & Shipping Shock: The Strait of Hormuz is back under full conflict conditions after U.S. strikes on Iran and Iran’s retaliation, while the U.S. revoked the license covering Iranian oil sales; tanker traffic has sharply thinned, with about 1.5 million barrels per day still moving mainly to China under new legal cover. Energy Deal for São Tomé & Príncipe: Petrobras has completed its acquisition of a 75% stake and operatorship in offshore Block 3, with Oranto holding 15% and the national petroleum agency 10%, strengthening Brazil’s exploration push in West Africa. Electricity Sector Modernisation: TECMON Energy wrapped up a 29 June–2 July visit to São Tomé and Príncipe, meeting the infrastructure minister and discussing a full electricity value-chain upgrade covering generation, grid efficiency, metering, payment systems and revenue protection. Independence Anniversary Diplomacy: Angola’s President João Lourenço sent congratulations to São Tomé and Príncipe’s President Carlos Manuel Vila Nova ahead of the 51st independence commemoration on 12 July. Travel & Mobility Watch: UK rules reaffirm visa requirements for Nigerians and nationals of 100+ countries, while separate travel pieces highlight shifting passport access and visa-free lists affecting regional travellers.
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