Exxon Mobil and
Qatar Petroleum oil have joined efforts to prepare the purchase of assets of US
company Anadarko and Italy’s ENI in Mozambique, Bloomberg reported on 6 July.
It estimated that the capital gains tax on the sale could be $1.3 bn, which
would substantially ease the current fiscal crisis. The two have had joint
projects for 15 years, but no final decision has been made yet. The two have
the huge financial resources necessary to go ahead with the multi-billion
dollar gas liquification trains that are part of the project.Exxon already
has interests north and south of this area. It won three offshore exploration
licenses in Mozambique in October for blocks to the south of the Anadarko and
Eni finds. And it has a working interest in Statoil ASA’s Block 2 in Tanzania,
north of the Rovuma Basin.The Financial
Times (7, 8 July) said that ENI wants to cash in on some of its
exploration successes and sell stakes in some major projects, including
Mozambique. ENI CEO Claudio Descalzi said he hopes to sell some of the
Mozambican gas field this year. There is a very good map of the gas field,
showing how it straddles the border between areas 1 (Anadarko) and 4 (ENI) and
the line of the proposed pipeline on http://clubofmozambique.com/news/eni-eyes-mozambique-stake-sale-by-the-end-of-2016/
+ Government
confirms that diamonds have been found, particularly in Massangena, Gaza, in
the Save River valley near the Zimbabwe border, which is downstream from the
main Zimbabwe diamond mines. Mozambique intends to join the Kimberley Process
and a team will arrive in September to evaluate Mozambican compliance.
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