The Cabo Delgado province will receive a Nortrans floating hotel called CSS Termis, with capacity to house hundreds of workers who, at first, will work on the installation of the floating liquefied natural gas platform, Coral Sul FLNG, in Area 4, of the Rovuma Basin. The ship is anchored in the port of Cidade do...
A group of researchers from South Africa's Rand Merchant Bank (RMB), part of the Firstrand Group, like FNB, has concluded that most African governments will still continue to devote efforts to deal with the challenges posed by the covid-19 pandemic, while still boosting economic growth, in 2022. "Based on the scenario...
The companies Cominiere, from the Democratic Republic of Congo (DRC) and Zijin Mining Group Co. Ltd, from China, have officially launched their first lithium exploration project. The joint venture is now called Katamba Mining, and the company, in a statement issued Monday, said it has secured mining rights to two exploration projects and...
The International Monetary Fund (IMF) praises Angola's efforts to diversify its economy, but warns that the country remains too dependent on oil revenues, leaving the economy vulnerable to fluctuations in global oil prices. "Implementing policy actions to foster economic diversification is imperative to achieve sustainable and inclusive growth...
The Kuwaiti company, Independent Petroleum Group (IPG), was recently awarded the tender to import fuel into Mozambique for a period of six months, from January to June 2022, according to a source from the Mozambican Oil Importer (IMOPETRO). IPG submitted the lowest bid for the tender in mid-December...
The Mozambican Association of Oil Companies (AMEPETROL) warned on Tuesday about the possible rise in fuel prices in Mozambique, starting in February, as national reserves will only allow for maintaining stable supplies until that period. The association justifies the measure with the rise in the price of oil in...
China will make crude oil available from its strategic domestic reserves in light of the Lunar New Year vacation that begins February 1 as part of a plan coordinated by the United States with other major consumers to reduce international prices. Sources close to the matter, quoted by Reuters, said the...
Limited oil supply pushed its price up this Tuesday to near $82 and it is hoped that the increase in coronavirus cases and the spread of the omicron variant will not derail a recovery in global demand. Brent crude oil gained 73 cents, or 0.9%, to $81.60 per...
The European Union (EU) is making efforts to label Mozambique gas as environmentally friendly, i.e. "green gas." The expectation is to continue exploiting the gas even after the year 2050, when the continent should be free of all kinds of fossil energy sources. There is already a...
People linked to power in Mozambique are hindering the access of Mozambican entrepreneurs to the various business opportunities provided by the floating platform for exploration of liquefied natural gas in the province of Cabo Delgado, according to the Director of the Centre for Democracy and Development-CDD. Adriano Nuvunga said that also the large international companies take advantage of the...