an island in the Gulf of Guinea that is part of Sao Tome e Principe.
the basic unit of money on Sao Tome e Principe.
Bloc 1 is situated in the joint oil exploration area of Sao Tome and Principe and Nigeria.
The balance of payments with Portuguese-speaking Africa( Cape Verde, Guinea Bissau, Sao Tome and Principe, Angola and Mozambique) showed a6.9 million-euro deficit in September, with credits of1.3 million and debits of8.2 million.
At the beginning of 2005 Sao Tome invited Angola, Brazil and Portugal to create a four-way consortium for oil exploration in its waters and in the area the country shares with Nigeria.
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