SAO TOME AND PRINCIPE

SAO TOME AND PRINCIPE (in West Africa)	CAPITAL: SAO TOME POPULATION: 0.2 mm AREA (on): 1,000 km² OIL PEAK: 2025 (forecast)
SUPPLY The small volcanic island group of Sấo Tomé & Princípe produces no oil or gas but part of its jurisdiction lies in deep waters overlying the distal part of the Niger delta. A Joint Development Zone was set up with Nigeria in 2001 to create a framework for the development of its significant oil potential. It is forecast that its share of oil production, with the remaining going to Nigeria, will begin in 2013 and rise rapidly thereafter. No gas production is forecast for many years although gas reserves are also likely to be significant. DEMAND Sấo Tomé & Princípe has a small population and consumes very little oil. The production potential that is expected, although not yet realised, has already led to economic growth and increased oil consumption. Exports are forecast to begin in 2013. No gas is consumed.


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