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The governments of São Tomé and Príncipe and Equatorial Guinea have agreed to establish a joint exploration zone and to develop cross-border oil and gas reserves that may lie in the blocks bordering each country’s national waters.A statement on 18 March said the decision was taken during a meeting in Malabo between São Tomé minister of public works, infrastructures, natural resources and environment Osvaldo Abreu, and Equatorial Guinea minister of mines and hydrocarbons Gabriel Mbaga Obiang Lima.