Mozambican government launches hydrocarbons licensing round later this year

16 July 2007

Washington, United States, 16 July – The government of Mozambique will launch a new licensing round later this year for oil and gas exploration in various regions of the country, President Armando Guebuza has said.

Speaking Friday in Washington at a conference on Mozambican investment opportunities, Guebuza urged US energy companies to invest in his country.

Mozambique’s head of state was in the US to oversee the signing of an accord with the Millennium Challenge Corporation worth US$ 506.9 million, aid granted to states with good development indices.

US oil firm Anadarko and ENI of Italy, Norsk Hydro and DNO of Norway, Petronas of Malaysia and Artumas of Canada have recently won tenders for oil exploration in the Rovuma basin in northern Mozambique.

South Africa’s Sasol operates natural gas projects at Temane and Panda in the southern province of Inhambane. (macauhub)