Browsing: 5th round

Extractives The Angoche Basin between Mozambique and Madagascar.
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Mozambique’s Council of Ministers today approved concession contracts for five offshore and one onshore prospective oil and gas blocks in the country, where ExxonMobil, Rosneft, Eni and Sasol are expected to invest at least $700 million over the coming [...]

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Extractives The exploration blocks auctioned off in the INP's 5th round
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The Mozambique government has decided to exempt international oil and gas companies from a requirement to list on the Mozambican stock exchange as required under the country’s petroleum law. The confusion over [...]

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Extractives The Council of Ministers in session
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Contracts for the exploration of five oil and gas blocks will be sent to the Mozambican government next week for approval, with ministers asked to rule on the question of whether international oil companies must list on the local bourse. Mozambique [...]

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Extractives MIREME minister Leticia Klemens talks with finance minister Adriano Maleiane. Photo © Alexandre Nhampossa / Zitamar News
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Mozambican transparency NGO the Centro de Integridade Pública (CIP) today demanded energy minister Letícia Klemens provide a clarification on why contracts from the latest round of oil and gas exploration licensing have still not been signed. [...]

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Oil & Gas Blocks awarded in the fifth licensing round: INP
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Mozambique’s Council of Ministers agreed on Tuesday to make adjustments to Article 40 of the petroleum tax law to improve the fiscal stability of new oil and gas projects, which should help kickstart new investment in exploration in the country. [...]

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Oil & Gas An offshore rig belonging to Statoil. Photo: Statoil
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International oil companies planning to explore areas on- and offshore Mozambique are still seeking clarifications from the Mozambican authorities on the rules governing their use of foreign currency, according to a report on Monday in state-owned daily [...]

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