Browsing: EDM

Economy
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IMF warns Mozambique’s continued borrowing threatens new programme talks

Mozambique’s progress towards a new programme with the International Monetary Fund is “proving challenging” as the country’s government continues to enter into new loan deals and is not moving fast enough to renegotiate its existing debt stock, the IMF’s [...]

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Oil & Gas
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Sasol’s Mozambique oil project progress ‘in line with expectations’

Drilling results from the first four wells in Sasol’s new project in Mozambique’s province of Inhambane show promising signs of oil and gas “in line with expectations,”  the South African energy company reported in its H2 2017 results on Monday. [...]

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Electricity
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Mozambique convenes finance meeting for 400 MW Sasol power plant

Mozambique’s energy minister will convene a meeting this Thursday and Friday between the country’s energy authorities and international finance institutions to decide the way forward for a proposed 400 MW gas-fired power plant in Inhambane province. [...]

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Oil & Gas
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Mozambique picks winners for domestic gas mega-projects

Mozambique’s ministry of mineral resources and energy (MIREME) has selected three international companies to develop a gas-to-liquids (GTL) project, a fertiliser plant and a power plant using the domestic gas allocation from the Rovuma Basin.