Retired general Alberto Chipande accuses the United States of being behind the sabotage of oil and gas exploration projects in Cabo Delgado, in the north of the country, which has been plagued by terrorist attacks since the end of 2017. Alberto Chipande breaks his silence on the war in Cabo Delgado with the...
Category: Oil & Gas
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Petromoc to reactivate fuel storage tanks to manage price fluctuations
The Petróleos de Moçambique (Petromoc) company has three projects underway to reactivate fuel storage tanks in Cabo Delgado (Pemba), Nampula (Nacala) and Maputo province (Matola), in order to manage price fluctuations on the international market for longer. According to the Chairman of Petromoc's Board of Directors, Hélder...
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"The outlook for gas projects in Mozambique is improving", - BMI Consultant
BMI, the consultancy owned by Fitch Ratings, said on Wednesday that the outlook for natural gas projects in Mozambique is improving, despite the delay in the resumption of work in Cabo Delgado by French company TotalEnergies. According to analysts from the BMI consultancy, quoted by Lusa,...
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Oil companies have invested more than USD 1.7 MM in exploration projects in Mozambique since 2006
Since 2006, oil companies in Mozambique have invested more than 1.7 billion dollars in hydrocarbon prospecting projects that are awaiting development plans or final investment decisions, according to data from state oil company ENH. According to the accounts report for 2022, quoted by Lusa on Monday, the National Oil...
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Hydrocarbons: Government evaluates possibility of seventh tender
The government is considering the possibility of launching the seventh hydrocarbon exploration and production tender in the country, with the aim of guaranteeing the licensing of areas that could be profitable for this purpose. Carlos Zacarias, Minister of Mineral Resources and Energy, explained to "Notícias" that it is necessary to create alternatives capable of guiding the...
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Consultant: "Natural gas could boost Mozambique's growth by 6.5% this year and 4.2% in 2024"
BMI forecasts growth in the Mozambican economy of 6.5% this year and 4.2% next year. According to the consultancy, this growth could be driven by increased production and exports of liquefied natural gas from the Rovuma basin in Cabo Delgado, in the north of the country. "We predict that real growth in Gross Domestic Product (GDP)...
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Mozambique reaffirms readiness to ship fuel to Malawi via the Nacala rail corridor
On Monday, Mozambique carried out the first shipment of liquid fuels to Malawi via the Nacala rail corridor (Nacala Logistics), from the city's port to the National Oil Company of Malawi (NOCMA) fuel terminal in Blantyre, in 45 hours and 44 minutes. This step could end the process of loading...
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Mozambique expects TotalEnergies to return to the Rovuma basin "as soon as possible"
The Minister of Mineral Resources and Energy on Wednesday defended the resumption of the natural gas production project by the consortium led by French oil company TotalEnergies as soon as possible, pointing out that the safety conditions are in place. According to Carlos Zacarias, who was speaking on the sidelines of the ministry's eighth coordinating council, which is taking place...
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TotalEnergies CEO: "People in Cabo Delgado need to have jobs
The managing director of TotalEnergies recognizes that the benefits derived from the exploitation of natural gas in the Rovuma basin in Cabo Delgado should first and foremost benefit the local communities. Maxime Rabilloud, quoted by VOA, considers it unfair that young locals are not given priority when it comes to hiring labor for the projects underway in the...
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Government has no money to compensate "dangerous" gas stations and they will have to "die a natural death" ...
The government has no budget to compensate fuel suppliers who "must" close their establishments (pumps) because they have been erected in inappropriate places. These are fuel pumps that pose a danger to human health and life because they are close to homes, for example under buildings. Gas stations in these locations cannot...