Mozambique is taking its oil laws back to parliament to amend the clauses that have deterred IOCs from making investments in the country.
These changes may finally see the winners of Mozambique’s fifth licensing round, which were announced two years ago, sign contracts and start investing the $700 million they have committed to exploration in the country.
“We have been speaking to companies for a year and have now almost finalised the process,” Jose Branquinho, resource assessment director at the country’s petroleum regulator INP, told Interfax Natural...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up