Multi-millionaire Arthur Eze’s Oranto sells 75% stake in São Tomé Block 3 to Brazil’s Petrobras – Report

Brazilian state oil giant Petrobras is expanding its presence in West Africa, acquiring a 75% operating stake in Block 3 off São Tomé e Príncipe from Arthur Eze’s Oranto Petroleum. The deal, announced on April 17, will see Petrobras take over management of the block from Oranto, which currently holds 90%. The National Petroleum Agency of São Tomé and Príncipe …

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