Business

Petrobras returns to Africa, acquires blocks in Sao Tome and Principe

The Brazilian oil giant, Petrobras, has returned to the African oil and gas market by purchasing three exploration blocks on the island nation of Sao Tome and Principe, three years after selling off its $1.5 billion worth of Nigerian assets. According to Reuters, Petrobras’ first pullout from Nigeria in 2020 was motivated by a number […]