ExxonMobil is "optimistic and moving forward" with the Rovuma liquefied natural gas (LNG) project in Cabo Delgado, according to a senior company source. The final investment decision could be made by the end of next year, a company official told Reuters yesterday. ExxonMobil and Eni are...
Sales of goods by the Mozambican economy to the rest of the world earned the country 8.2 billion dollars, which corresponds to 40.1 % of Gross Domestic Product (GDP). The data is contained in the annual balance of payments bulletin, released yesterday, Thursday (02), by the Bank of Mozambique (BdM), noting that this figure...
The President of the Republic, Filipe Nyusi, said yesterday, Thursday (02), that it is "fundamental" to continue with the gas exploration mega-projects in the Rovuma basin and that these cannot be stopped by an alleged lack of funding or terrorism in the north of the country. "This is fundamental because it can't be a problem of financial decisions,...
This Thursday in Maputo, the President of the Republic, Filipe Nyusi, will lead the opening ceremony of the 10th edition of the Mozambique Mining and Energy Conference and Exhibition. According to a press release, the event will serve as a space to address the development of regional energy infrastructures, as well as to stimulate investment...
Mozambique Rovuma Venture (MRV) plans to install a floating platform for the production of liquefied natural gas (LNG) more than 50 kilometers north of the district of Palma, Cabo Delgado province. The Coral Norte project, in Area 4 of the Rovuma basin, foresees the installation and operationalization of the infrastructure in 2027. It could...
Mozambique and Cuba intend to strengthen cooperation ties in the area of food security, for the benefit of the populations of both countries. To this end, a delegation from that Latin American country is making a seven-day visit to Mozambique. Speaking during a working meeting held yesterday, Monday (29), in Maputo, with Minister...
Karingani Game Reserve recently paid a visit to the Massingir district, in the southern province of Gaza. The purpose of the event was to introduce the new investors in the Karingani Project and the new national management team. The meeting was a step towards fostering closer relations with the government authorities as well as providing...
Shell, Total and Chevron are interested in buying the shares that Galp is offering in its 80% stake in the Mopane oil project off the coast of Namibia, reports the Financial Times (FT). According to the newspaper, the amount of oil discovered in Namibia "is...
The Balama graphite mine, in Cabo Delgado province, made its debut this year in exporting this ore to an Indonesian battery manufacturer, which bought 10,000 tons, announced the Australian mining company Syrah, quoted by the newspaper Notícias. According to information released to the markets by Syrah, which owns the mine, this was the "first...
Portugal's Galp is to put up for sale 40% of its stake in the exploration block off Namibia, where it recently made a major oil discovery. According to the international press, the information was provided by anonymous sources who were not authorized to speak to the media. Galp holds a stake of 80% and...