Mozambique government may cancel authorisation for refinery in Nacala-a-Velha

20 August 2010

Maputo, Mozambique, 20 Aug – The Mozambican government may cancel the authorisation for the project to build a refinery in Nacala-a-Velha, due to deadlines for execution being missed, said the country’s energy minister, Salvador Namburete.

Cited by the Mozambican press, Namburete noted that the agreement for construction of the refinery was signed in October 2007, but that so far nothing had been done, so the exploration license given to Ayr Logística was likely to be revoked.

The threat of cancelling the oil refinery project in Nacala-a-Velha is happening in the same week that the goevrnment announced the discovery of oil in the prospecting area of US company Anadarko in the Rovuma basin.

Also according to the energy minister, the decision may be made due to the fact that Ayr Logística has given no concrete indication that it plans to re-launch the project.

Namburete said that the warning was also applicable to the Matutuíne oil refinery project, in Maputo, in the hands of Oil Moz, expected to cost some US$8 billion. (macauhub)

MACAUHUB FRENCH