Browsing: Eni

Extractives A ProIndicus maritime defence vessel in the port of Pemba, northern Mozambique. Photo © Zitamar News
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Mozambique state-owned maritime security company ProIndicus, and ship-building company MAM, were conceived on the assumption their services would be forced upon international oil companies (IOCs) operating in Mozambican waters, a Parliamentary Commission [...]

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Extractives Drilling offshore Mozambique. Photo: Anadarko
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Mozambique’s Council of Ministers today approved five key decrees to allow the two huge gas projects in the Rovuma Basin, off the north of the country, to move ahead. The decrees update the original exploration and production concession contracts (EPCCs) granted to the two blocks - Area 1, [...]

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Oil & Gas
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Italian oil company Eni is “fine tuning” a deal to sell part of its stake in Mozambique’s offshore Area 4 to US major Exxon Mobil, the head of Mozambique’s national oil company, Omar Mithá, told Zitamar News [...]

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Fertilizer Sasol's Secunda facility in South Africa
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Mozambique’s plans to reduce reliance on imported fuel by using Rovuma Basin gas to produce diesel could fail due to the small quantities of gas available to the domestic market, as well as the costs of building such a facility, experts have warned. [...]

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Economy Maputo, capital of Mozambique. Photo: Zitamar News
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The International Monetary Fund has slashed its forecast for Mozambique’s economic growth in 2021 - apparently ruling out the start of gas revenues for more than five years. [caption id="attachment_4087" align="alignright" width="366"]