Mozambique finalizes negotiation of the sixth hydrocarbon research tender

The Mozambican authorities are finalizing negotiations with the two consortia that won the sixth Concession of Areas for Research and Production of Hydrocarbons, pending the approval and signature of the respective contracts.

“Negotiations are practically at the end and, at the latest, by the end of this year, the contracts will be presented to the Government, so that it can approve them, so that operations can start”, said the Minister of Mineral Resources and Energy, Carlos Zacarias, who was speaking to journalists on the sidelines of the eighth Coordinating Council of the Ministry of Mineral Resources and Energy, writes the Mozambique Information Agency.

The sixth tender for the research and production of hydrocarbons was won by the consortia led by the Italian companies Eni and the Chinese CNOOC.

The Mozambican government will study the possibility of launching more international tenders for research and prospecting for hydrocarbons, taking into account the country’s energy potential.

(Source: MMO)