Moz exploration contracts finalised by May – minister
Mozambique’s energy minister expects to submit new exploration contracts to the government next month following more than two years of delays Mozambique’s energy minister expects to submit new exploration contracts to the government next month following more than two years of delays.
26 March 2018
0
30152
Mozambican Energy Minister Max Tonela (right) at the German-Mozambican Economic Forum in Maputo. (PA)
After more than two years of delays, Mozambique’s energy minister has said that exploration contacts with the winners of the country’s fifth licensing round should be finalised by the end of April.
The successful bidders for six exploration blocks in the country were announced in October 2015, but negotiations over signing the exploration and production concession contracts (EPCCs) have dragged on as companies wanted more clarification on issues of fiscal and exchange stability. “Parliament last year made this clarification. We have been working with the Bank...
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.
Log me inNot a subscriber?
Sign up for 7-day trial access to this and more premium content. It's free.
Sign up now
