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Mossack Fonseca stated it "does not foster or promote unlawful acts" and has "never knowingly allowed the usage of our companies" by people working with sanctioned governments.
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However, with the development in its assessment by the EITI São Toméis beginning to maneuver in path of being a hub for oil exploration as new websites are being found. And given the alleged corruption, many native folks have critical doubts that oil revenues might be managed correctly, whatever the good legal guidelines in place.
The United States was among the first international locations to accredit an ambassador to Sao Tome and Principe. There is still very restricted oil experience on the islands and no considerable local experience or skills. Until independence in 1975, Sao Tome and Principe had few ties abroad except people who handed through Portugal. Ambassador based in Gabon is accredited to Sao Tome on a non-resident basis. The first Sao Tomean Ambassador to the United States, resident in New York City, was accredited in 1985. In 1986, Sao Tomean President da Costa visited the United States and met with then-Vice President George H.W.
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