Norwegian government to help Mozambique develop oil sector

11 September 2006

Maputo, Mozambique, 11 Sept – The Norwegian government is set to grant 5 million euros to Mozambique’s National Petroleum Institute in order to contribute to the development of the oil sector in the East `African country, officials have said.

For this purpose, Mozambique’s Foreign Minister, Alcinda Abreu, and Norway’s ambassador to Mozambique, Thorbjorn Guastadsther, signed an agreement in Maputo last weekend.

According to the ambassador, the aid will include technical and financial assistance to the Mozambican government and institutions responsible for oil and hydroelectric power , as well as investments in power transmission lines.

The Mozambican government recently launched an international tender for oil prospecting in the Rovuma basin and began searching for gas and oil in the Zambezi valley, in the center of the country, after approving legislation to create a climate that is favourable to investment in this area. (macauhub)