The consortium involving US group ExxonMobil and Russia’s Rosneft plans to start oil prospecting in Mozambique in the second half of the year, according to the report and accounts released recently. “In October 2015, the consortium between Rosneft and its partner ExxonMobil obtained licenses for the geological prospecting of three blocks in the Mozambican sea, with the start of the exploration work scheduled for the second half of 2017, after signing the concession contracts
The inauguration on Friday of the coal terminal at the port of Nacala-a-Velha and the railway line to transport ore mined at Moatize is expected to increase exports and even make coal the main product exported by Mozambique, the Economist Intelligence Unit (EIU) reported recently. According to the Mozambican press, the ceremony was attended by the President of the Republic of Mozambique, the Minister of Foreign Affairs of Brazil, Aloysio Nunes Ferreira Filho, the heads of the
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