Extractives
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IMOPETRO ‘was warned’ over failed fuel importer 

Industry players warned IMOPETRO, the company managing Mozambique’s fuel imports, of the dangers of awarding an import tender to unknown company Finergy, which has since failed to honour its import commitments, Zitamar News has learned. Finergy Petroleum, a secretive company [...]

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Business
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Privinvest continues offshore logistics operation in Mozambique despite litigation

Privinvest, the contractor which supplied Mozambique’s controversial ‘hidden debts’ security companies, continues to do business in the country through a logistics subsidiary which provides services to offshore oil and gas operations, despite ongoing legal action [...]

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Infrastructure
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Japanese and Turkish JV plan region’s first LNG-to-power project in Nacala

Turkey’s Karpower is to switch its oil-fueled floating power plant in Nacala to run off LNG, in collaboration with the world’s biggest LNG shipping company Mitsui OSK Lines, in what will be the first LNG-to-power plant in southern Africa.

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Development
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‘No sugar mill will be closed in Mozambique’ – minister

The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told

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Heavy Industry
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IMOPETRO ‘was warned’ over failed fuel importer 

Industry players warned IMOPETRO, the company managing Mozambique’s fuel imports, of the dangers of awarding an import tender to unknown company Finergy, which has since failed to honour its import commitments, Zitamar News has learned. Finergy Petroleum, a secretive company [...]

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