Oil companies from Mozambique and Russia sign memorandum of understanding

23 June 2014

Mozambican state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH) has signed a memorandum of understanding with Russian company Rosneft for joint prospecting projects, ENH said in a statement.

ENH also said the memorandum was signed during the 21st World Oil Congress held in Russia from 15 to 19 June.

The agreement also includes identification of areas of mutual interest and may end in joint oil and gas exploration.

The chairman of ENH, Nelson Ocuane, said that the partnership with Rosneft was important for Mozambique as “it is one of the main groups in the Russian oil industry.” (macauhub/MZ)