Nigerian billionaire Arthur Eze's Oranto and Petrobras were the only bidders as São Tomé scraps oil auction
Billionaires Africa | 21.07.2026 15:48
São Tomé and Príncipe has cancelled the results of its 2026 offshore licensing round after the auction drew only two bidders, Brazil's state oil company Petrobras and Oranto Petroleum, the exploration firm controlled by Nigerian billionaire Arthur Eze.
