lunes, 30 de mayo de 2011

Anadarko Makes Mozambique Oil Discovery

Anadarko Makes Mozambique Oil Discovery

Tuesday, August 17, 2010Printer Friendly Version

Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, announced the first major discovery of oil off the coast of the East African nation Mozambique.

Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. Texas-based Anadarko (APC) said the find probably will not be commercially developed. The company has been active in Mozambique and announced a major natural gas discovery there earlier this year.

Ironclad was drilled to a total depth of about 17,400 feet in 3,418 feet of water and is located about 70 miles south of Anadarko's Windjammer gas discovery, which was announced in February, Bloomberg reported. The oil discovery is believed to be the first documented deepwater oil find off Mozambique's coast.

Anadarko said it hopes the Ironclad discovery will provide the company with more data about the potential for additional oil finds in the region. London-based Cove Energy Plc is Anadarko's partner on the project.

domingo, 29 de mayo de 2011

Mozambique crude oil discovery changes Tanzanian prospects- analysts

Mozambique crude oil discovery changes Tanzanian prospects- analysts

28th August 10
Mozambique crude oil discovery changes Tanzanian prospects- analysts

The Guardian Reporter

Confirmation of the presence of crude oil in Mozambican deep sea waters, which is only 20 kilometers away from Tanzanian waters, changes prospects in Tanzania, according to analysts.
The nation’s deep sea oil and gas prospecting blocks in the south eastern Indian Ocean which were thought to be gas fields could indeed be crude oil reservoirs, Offshore Magazine has asserted in an article published on August 19.
Cove Energy, the company prospecting for oil and gas in Mozambique in collaboration with the company Anadarko, announced that the Ironclad-1 drilled by Belford Dolphin some 110 kilometers south of the Windjammer gas discovery appeared to be a crude oil discovery in Mozambique.
It is the first documented discovery of liquid hydrocarbons offshore East Africa.

The well penetrated 38 meters of oil and gas saturated sands from an extensive Cretaceous deep water fan complex, the company reported, adding that there were substantial gas shows throughout the 205 meters of Cretaceous. The well was drilled to 5,304 meters depth.
The Windjammer well is about 20 kilometers south of the Tanzanian line. Thus Ironclad-1 looks to be 130 km south of Tanzanian waters. This will encourage the Ophir/ BG Group, in Tanzania’s blocks 1,3 and 4 of the Mafia Deepwater Basin offshore Mafia Island in deep waters as they gather exploration momentum in the area, Offshore Magazine analysts have said.
The Odfjell Drilling Company's dynamically positioned semi-submersible Deepsea Stavanger is expected to arrive on its first Tanzanian location during August. This is a brand new rig built by Daewoo Shipbuilding and Marine from South Korea.
Two firm wells are planned with options for a third.

The east coastal region of Tanzania has long been considered highly prospective.
A Western Geophysical high resolution seismic survey conducted prior to Tanzania's licensing round of 2000 identified a number of structures in the Mafia deepwater basin.
Oil seeps exist on Pemba Island and oil appeared in shallow shot holes on Mafia island itself. So a confirmation by the Ironclad-1 wildcat that an oil structure exists is good news indeed.
Although gas and oil can exist in the same area, Tanzania’s south-east offshore license area is known to be a æstrictly natural gas area.
Aminex, the British oil and gas prospecting company working in conjunction with another British company, Tullow Oil Plc to prospect for oil and gas in the Indian Ocean within TanzaniaÆs south eastern territorial waters says the evidence now available proves the deep sea license area to be a strictly natural gas area with oil indications present only on the mainland.
Briefing shareholders in London recently, company officials said data currently available showed oil was present somewhere onshore while evidence indicated the offshore Tanzania license was a gas play.
But the temperature exploration in this area is high nonetheless.

The British company Key Petroleum recently announced they will resume drilling for oil and gas in the offshore Nyuni licence area in December, six years after halting drilling operations there. The exploration license is in the same vicinity as the Tullow-Aminex blocks.
Partners in the Nyuni joint venture offshore Tanzania have opted to drill the Nyuni 2 exploration well in December, where the well will be drilled directionally from Nyuni Island in the northeast of the Nyuni block to a subsurface target 1.47 km (9.6 mi) to the east, beyond the edge of the continental shelf, the company said in a recent press release.
Key Petroleum says the well will test a very large anticlinal closure drilled by the Nyuni 1 well in 2003-04, which discovered a 15-m (49-ft) gas column in Albina-Aptian sandstone. However, the gas-bearing zone could not be flow tested at the time due to operational factors.

THE GUARDIAN
Mozambique crude oil discovery changes Tanzanian prospects- analysts

Mozambique: Oil in Rovuma Basin - Guebuza Urges Citizens to Remain Calm

Mozambique: Oil in Rovuma Basin - Guebuza Urges Citizens to Remain Calm

17 August 2010
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Windhoek — Mozambican President Armando Guebuza on Tuesday urged all Mozambicans to remain calm following the news reporting the discovery of oil in the Rovuma Basin, in the northern region of the country.

Guebuza, who was speaking to Mozambican reporters in Windhoek, the Namibian capital, on the sidelines of the just ended 30th Ordinary Summit of Heads of States and Governments of the Southern Africa Development Community (SADC), said that Mozambicans must remain calm and wait for more detailed information on these findings.
"The first thing I would like to say is to advise people to remain calm until we have more information on the discovery," said Guebuza.

According to Guebuza, even if oil is found in commercially viable amounts, people should never set aside other means of livelihood, such as agriculture.

On Monday, Mozambique's Minister of Mineral Resources, Esperanca Bias, announced in Maputo that the US oil company Anadarko has found oil deposits in the Rovuma Basin.
Bias, who was speaking during a press conference, explained that it is still a technical presence of oil, because there is still a long way to go for the evaluation of its commercial viability.
Oil was found at a depth of 5100 meters, with the Minister claiming that it is the first time that oil was found off shore in the East African region.
In 2006, Anadarko signed a contract with the Mozambican government for the drilling of six exploratory wells in the Rovuma Basin.
Last February, Anadarko announced that the Windjammer exploratory well, off the coast of Cabo Delgado province, encountered more than 480 net feet of natural gas pay in high-quality reservoir sands, with a gross column of more than 1,200 feet.
Apart from Anadarko there are another three companies prospecting hydrocarbons in the Rovuma basin, including ENI from Italy, Petronas (Malaysia) and Statoil (Norway).

viernes, 27 de mayo de 2011

Anadarko Makes Mozambique Oil Find

Anadarko Makes Mozambique Oil Find

By Gordon Wilcox
August 18, 2010 12:32 AM
SymbolsAPC
Tags:
Anadarko Petroleum (NYSE: APC), the second-largest U.S. independent oil and natural gas producer, said it made what is believed to be the first deepwater oil discovery off the coast of the East African country of Mozambique.
Texas-based Anadarko said the find probably won't be commercially developed, but the company will use data from the discovery to evaluate the potential for additional discoveries in the region.
Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. The company made a significant natural gas find in Mozambique earlier this year.
Anadarko's partner on the project is Cove Energy Plc of the U.K.
Sino Clean Energy moved 10.75% higher after Benzinga Pro reported the Chairman share purchase. Try Benzinga Pro for free now and don't miss out on profits like these!
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.

Mozambican Government might cancel Refinery projects.

Mozambican Government might cancel Refinery projects.

“There are rules laid down in law. We have been a littl(2010-08-20) The Mozambican Government might cancel the project to build an oil refinery in the district of Nacala-a-Velha in the northern Nampula province, according to the paper “O Pais”.
















Minister Salvador Namburete lamented that no construction work has taken place since the signing of the agreement to build the refinery in October 2007. The minister assumed that this was due to the world financial crisis, which affected the banks that would fund the 5 billion US dollar project.

According to the minister, “what we know and hear from investors is that financing was secured by commercial banks. However, because of the financial crisis, they have had difficulties”.

Namburete said that the decision is imminent because the largest shareholder in the project, Ayr Logistics, has not shown signs of going ahead with the tolerant, because we have been following the international crisis. But the company that signed the accord with the government has not been meeting deadlines”.

The minister stated that the proposed Oilmoz oil refinery near Maputo is also under threat of cancellation. Oilmoz needs to raise 8 billion US dollars for constructing the refinery, which would produce 350,000 barrels of fuel a day.

The threat to cancel the proposed oil refineries coincides with the discovery by the American company Anadarko of oil in the Rovuma basin.

Mozambique: Government Threatens to Cancel Nacala Oil Refinery

Mozambique: Government Threatens to Cancel Nacala Oil Refinery

19 August 2010


Maputo — The Mozambican Government might cancel the project to build an oil refinery in the district of Nacala-a-Velha in the northern Nampula province, according to the paper "O Pais".
Energy Minister Salvador Namburete lamented that no construction work has taken place since the signing of the agreement to build the refinery in October 2007. The minister assumed that this was due to the world financial crisis, which affected the banks that would fund the 5 billion US dollar project.


According to the minister, "what we know and hear from investors is that financing was secured by commercial banks. However, because of the financial crisis, they have had difficulties".
Namburete said that the decision is imminent because the largest shareholder in the project, Ayr Logistics, has not shown signs of going ahead with the project.
"There are rules laid down in law. We have been a little tolerant, because we have been following the international crisis. But the company that signed the accord with the government has not been meeting deadlines".
The minister stated that the proposed Oilmoz oil refinery near Maputo is also under threat of cancellation. Oilmoz needs to raise 8 billion US dollars for constructing the refinery, which would produce 350,000 barrels of fuel a day.
The threat to cancel the proposed oil refineries coincides with the discovery by the American company Anadarko of oil in the Rovuma basin.

Mozambique: Nacala refinery becomes increasingly unlikely

Mozambique: Nacala refinery becomes increasingly unlikely

May 22nd, 2009    News

Maputo, Mozambique, 22 May – The construction of a refinery in the Mozambican district of Nacala-a-Velha, in Nampula province, appears to be an increasingly unlikely prospect due to investors giving up on the project and difficulties securing the US$5 billion needed for its construction, Mozambican newspaper Notícias reported.

The paper added that due to financial constraints Five International, which in partnership with Air Logistic had set up the consortium responsible for construction of the refinery, recently announced it was withdrawing from the project and put up for sale its shares in the project.

Francisco Mcanhela, the permanent secretary of Nampula province, told Notícias that the dynamism that characterised the project in its initial phase of execution had died away recently, particularly as of the time when the impact of the financial crisis also began to be felt in the country.

According to Mucanhela the banks with which the consortium was working had also been affected by the crisis, which was another factor that had affected the normal progress of the project.

In mid 2008 Air Logistic and the Five Internacional group met with the district government to define the guidelines for the physical implementation of the refinery, and it was agreed at the time that the consortium would pay compensation due to the population resident in the approximately 800-hectare area of the project. (macauhub)

jueves, 26 de mayo de 2011

Mozambique will solicit bids for oil and gas exploration from international firms

Mozambique to issue oil and gas tenders

(Photo: REUTERS / Jamil Bittar)<br>An aerial view shows the state oil company Petrobras P-34 oil rig in Brazil, September 2, 2008.   
(Photo: REUTERS / Jamil Bittar)
An aerial view shows the state oil company Petrobras P-34 oil rig in Brazil, September 2, 2008


February 25, 2011 11:09 PM EST
Mozambique will solicit bids for oil and gas exploration from international firms within the next two years, a senior government official said on Friday.


Related Articles

"Once every two years we float international tenders to invite foreign firms to come and search for hydrocarbons in Mozambique," Mario Marques, an adviser to the southern African nation's minister of mineral resources told Reuters.
Mozambique last issued an international tender in October 2009 for exploration of the central province of Sofala including the Inhaminga block covering the districts of Cheringoma, Caia Park and Maringue.
The resource-rich former Portuguese colony has major proven gas reserves, but does not have the technical and financial capacity to exploit them.
Gas was discovered in Mozambique in 1962, when Gulf Oil drilled a successful well in the Pande field in the southern province of Inhambane, but 17 years of crippling war which ended in 1992 had prevented further investment.

Mozambique issues international tender for oil and gas exploration

14 Oct 2009


Photo - see caption
DNO Inhaminga block
Mozambique has issued an international tender for oil and gas exploration in the central province of Sofala, the state-run daily newspaper Noticias has reported. The paper said the search for hydrocarbons, including oil and natural gas, in the Inhaminga block would cover the districts of Cheringoma, Caia Park and Maringue and that the winning bidder would be announced in December. It said the bidder would acquire 600 sq kms of 2D seismic areas and would have to start drilling wells early in 2010 under the supervision of a Norwegian multinational company, which was not named.
Mozambique has major proven gas reserves, but does not have the technical and financial capacity to exploit them. Gas was discovered in Mozambique in 1962, when Gulf Oil drilled a successful well in the Pande field in the southern province of Inhambane, but 17 years of crippling war which ended in 1992 had prevented further investment. DNO International has an 80% interest in the Inhaminga block, which covers an area of 21,400 sq kms and is located some 200 kms from Sasol’s development of the Pande and Temane gas fields. DNO is the operator of the block and has established an operations office in the city of Beira, close to the area of operations.
DNO may drill two more test wells as part of its oil and gas surveys in the Inhaminga block, a source from Mozambique's National Oil Institute (INP) has told reporters this week. Three wells have so far been drilled in the Inhaminga oil block since DNO was granted the concession, although the source gave no details of investments made so far. 'They are working in the field, they are carrying out the seismic survey and based on that they may drill two more wells,' the source has said. The first two wells, according to the source, provided negative results and, currently findings from the third well are under analysis. The Inhaminga block, located in the central province of Sofala, is made up of a vast area that includes the districts of Cheringoma, Caia, Gorongosa and Marínguè.
No one from Mozambique's hydrocarbons agency, ENH, was immediately available for comment and DNO did not have an immediate comment to make about the tender.
Source: DNO & Macauhub

Oil and Natural Gas in Mozambique

http://spilpunt.blogspot.com/
  • Natural gas production: 80 million cu m (2004 est.)

  • Natural gas proved reserves: 127.4 billion cu m (1 January 2005 est.)

History of Petroleum Exploration in Mozambique
Exploration for hydrocarbons in Mozambique goes back to 1904 when the early explorers discovered thick sedimentary basins onshore Mozambique. Poor technology and lack of funds halted those early exploration attempts.
From 1948 onwards international oil companies moved into Mozambique and carried out extensive exploration, mainly onshore with limited activity offshore. As a result the Pande Gas Field was discovered in 1961 by Gulf Oil (now part of Chevron) followed by the gas discoveries of Búzi (1962) and Temane (1967).
Exploration activity declined in the early 1970’s due to political unrest.
New activity was established in the early 1980’s with the enactment of law 3/81 and creation of ENH. In the following years extensive work was carried out to map and appraise the Pande Field.
A breakthrough was made in 1993 when it became clear that the Pande Field could be mapped using direct hydrocarbon indicators (DHI) from seismic data and it turned out that there was a giant bright spot at the top of the reservoir. The method was later also used to map the Temane field with good result.
From 1970 to 1980 there have only been drilled 6 wildcat wells in Mozambique – 3 of them offshore.
An extensive drilling campaign conducted by Sasol in 2003 which included exploration and production wells in the Pande/Temane Block allowed the expansion of gas reserves and the discovery of Inhassoro Gas Field, making total of 5,504 trillion cubic feet (TCF). (Source: National Petroleum Institute)

Hydrocarbon Potential & Occurrences

There are four proven gas fields in Mozambique: Pande,Temane, Buzi, Inhassoro. 22 other wells drilled to date showed gas, asphalt and traces of dead oil, and surface gas seepages occur at Inhaminga, Cundue Creek, Ponta Uifundo, with oil seepages at Lake Nhangela, Angoche, Pemba, Ponta Uifundo.
The Rovuma Basin is about 400 km long by 160 km (250 by 100 miles) and is centred on the Rovuma Delta near the border between Mozambique and Tanzania. The basin occurs both onshore and offshore. Nearly 73 000 sq. km (29 200 sq. miles) of the Rovuma Basin lies within Mozambique.
A number of oil and gas seepages have been identified in both the Mozambican and Tanzanian part of the basin, proving active petroleum systems.
It has been suggested that the Rovuma Delta Basin is geologically analogous to some of the great delta systems being developed today, such as the Niger Delta, Mahakam Delta and the Gulf of Mexico.

Rovuma Basin Concessions
 Sasol Petroleum International is exploiting the Temane Gas Field and the first gas was put into the gas transmission pipeline at the central processing facility on the Feb 18, 2004 and delivered to Sasol's Secunda plant in South Africa on the February 21, 2004. A total of 2,618,894,658 Nm3 of gas and 619,440 bbls of condensate were produced up to August 2005.
Principal Area of Operation




 Anadarko Petroleum Corporation has been awarded offshore Area 1.
  • In February 2005, Mozambique launched its second offshore licensing round for blocks in the northern Rovuma basin. 
  • Norsk Hydro has been awarded offshore Areas 2 and 5 in May, 2006. 
  • In June 2005, the Mozambican Empresa Nacional de Hidrocarbonetos (ENH) and the South African petrochemical company Sasol signed an agreement with the Mozambican government for Blocks 16 and 19 off the southern coast of Mozambique. Seismic studies and exploratory drilling on the blocks are expected to cost $7 million. 
  • PETRONAS has been awarded offshore Areas 3 and 6.

  • Eni SpA has been awarded Area 4, located in the deep waters of the Rovuma Basin, covering an area of 17,646 square km and at a water depth of 2,600 metres.

Mozambique Oil

Mozambique is a rapidly growing country, but its people are still amongst the poorest in the world. When Mozambique received its independence in 1975, it was one of the most poverty stricken countries in the world. For example, inflation was reduced substantially during the 1990s, but it rose once again during the time span of 2000 to 2006. Once 2007 arose, Mozambique’s GDP growth reached a healthy 7.5% and inflation fell to 8%.
In attempt to maintain the countries’ growth rate on a constant rise, the Mozambique government has chosen to explore in the oil exploration and refineries industries. These two vastly different avenues have the potential of producing a large about of revenue for the country as a whole. Oil exploration, if successful, will create an oil export industry that is currently nonexistent for Mozambique.
  • Mozambique Oil Production – 0bbl/day (2007 est.) - CIA – The World Factbook
  • Mozambique Oil Exports – 0bbl/day (2005 est.) - CIA – The World Factbook
In a quest to find oil, Mozambique is promoting foreign investment to fund oil exploration inside its country’s borders.
  • Mozambique to spend $1.4 billion to find oil, gas by 2011 – Reuters Africa
  • Mozambique to issue $68 million oil exploration tender – Policy.org.za
In an effort to rebuild Mozambique’s damaged agriculture based economy which was a result from the country’s civil war that led to its independence from Portugal in 1975, the government eyes oil as a potential solution to the problem. As stated before the bulk of the funding for oil exploration will be generated by foreign investment.
  • Mozambique’s national hydrocarbons company, Empresa Nacional de Hidrocarbonetos’ CEO, Nelson Ocuane, stated that 14 foreign companies are already searching for oil in Mozambique.
Also, the creation of oil refineries in Mozambique will drastically improve the economy.
  • The Mozambican Council of Ministers has approved the construction of an oil refinery, valued at more than $1.3 billion - Bloomberg
  • The project is set to create about 450 jobs, and generate extra tax revenue for the Mozambican government. With an installed capacity of about 100 000 bbl/d, most of the product will be exported to Malawi, Zimbabwe, and Zambia. – Engineering News
Mozambique government is taking a step in the right direction by creating a stronger oil industry for its country.
Information Sources: [1], [2], [3], [4], [5]

Mozambique Oil & Gas

Overview
After many years of civil war and political instability, Mozambique is returning to a state of normality and consequently its upstream oil and gas industry is of growing importance in the region. Mozambique's upstream potential appears to lie in natural gas rather than oil. The critical factor in the future exploitation of the country's gas, however, is the emergence of sound commercial criteria for the establishment of a south-east African gas-gathering network capable of serving developing markets in the region.
Substantial reserves of natural gas have been established and Mozambique is likely to become a major producer of gas in the area in the medium term. There are three onshore gas fields, Pande, Temane and Buzi-Divinhe. Pande has reserves estimated to be in excess of 2.1 Tcf,, Temane reserves in the order of 1.0 Tcf and Buzi has recoverable reserves in the order of 10Bcf. Actual gas production is limited to an insignificant amount from the Pande gas field that supplies the needs of local villages.
Mozambique launched its First Offshore Licensing Round on 31 March 2000. This bidding round is offering 14 blocks mainly in the Mozambique Basin covering the shallow and deep Zambezi delta area.
The main players in the upstream industry include: Enron Oil and Gas Resources Inc, Energy Africa, Sasol Petroleum International, Leopardus Resources Limited, Zarara Petroleum Resources, TotalFinaElf SA, Trefoil Ltd, and Lonrho de Provuma Petroleum. BP, Elf and Western are involved in geophysical surveys of offshore areas.
The downstream oil industry relies on imports, mostly from South Africa. Distribution and marketing of fuel products and lubricants is carried out by the state owned oil company Petromoc. Other companies include BP, Mobil, Caltex.
There are three ports in Mozambique, Maputo, Beira, and Nacala which offer an economic supply corridor to neighbouring landlocked countries.
A major project is being negotiated between ENH, the state oil company, Sasol Petroleum International and Enron Oil and Gas to construct a pipeline that will transport gas from both the Pande and Temane gas fields to the Gauteng area in South Africa. The pipeline between Beira and Harare has been extended and is operating close to full capacity even with an expansion through the addition of pumping stations.
The Government's Department of Mineral Resources and Energy regulates the industry.
Control of the country's upstream oil industry rests with the parastatal upstream oil company, Empresa Nacional de Hidrocarbonetos de Mocambique (ENH) which has exclusive rights to explore for and develop petroleum in Mozambique, and is permitted to exercise these rights in association with foreign investors.

Upstream

Although a number of gas fields in Mozambique were discovered in the early 1960's by Gulf Oil, they remained unexploited owing to continuing civil war and a lack of major gas consumers. Gas reserves have been found both offshore and onshore. The further discovery of large reserves (estimated at more than 60 bcm) of commercially exploitable natural gas in the Pande gas field in Inhambane province and the possibility of utilising natural gas in regional industrial growth has brought renewed interest in Mozambique's upstream prospects by foreign oil companies.
There is no commercial production from Mozambique's fields yet. The Pande fields produce insignificant amounts of gas that are utilised by the villages in the area. There are plans to develop the fields Pande, Temane and Buzi-Divinhe.
The Temane, Sofala and M10 blocks cover a combined area of about 21,500 square kilometres.
The Mozambique national hydrocabon exploration company, Empresa Nacional de Hidrocarbonetos de Mocambique (ENH), is involved both as a licensor on behalf of the government and as a participant in some of the fields.

Downstream

The downstream oil industry in Mozambique is relatively small and relies on imports mainly from South Africa.
Petromoc is the state owned oil company and controls the major market share. Other companies involved in the industry include BP, ExxonMobil and Caltex.
There are three ports in Mozambique - Maputo, Beira and Nacala. There is an existing pipeline between Beira and Harare. Enron and Sasol will be co-operating on the construction of a single pipeline from central Mozambique to Maputo and the South African markets.
Malawi, Zimbabwe and Mozambique are planning a joint fuel refinery in Mozambique with a capacity of 10,000 bpd. The project is to be funded by the Iranian government.

Events

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miércoles, 25 de mayo de 2011

Mozambique Investment oportunities

Investment Opportunities
Agriculture
This sector offers vast opportunities for the production of cereals, fruits, flowers, vegetables, for the local market and for export. The country has been exporting various products, notably baby-corn, flowers, citrus, cashew nuts, various fruits, peppers and paprika, to competitive markets in Europe. The Zambezi valley represents an excellent opportunity for the agricultural sector, according to pre-feasibility studies.
Fisheries and Aquaculture
This sector has been developing with the presence of local and foreign companies and has seen a strong growth and strong present in European and Asian markets in terms of prawns, and various sea products. The country has an enormous potential all along its 2,700 km Indian Ocean coast line, combined with the excellent natural conditions favourable for aquaculture.
Industry
One of the country’s biggest challenges is adding value to its primary products and thus maximizing its natural resources. This sector offers investment opportunities almost all over the country. The textile industry, agro-industry, the aluminium, iron and steel, coal and gas are some examples to take into consideration;
Tourism and Hotels
This sector has been growing steadily in recent years given the major potential that the country has and the public investments made in terms of infrastructures and means allowing access to previous inaccessible locations. The country offers unique investment opportunities in national parks and reserves, the possibility of investment in private game farms in the interior of the country, benefiting from fauna and flora, combined with beach tourism along the 2,700 km coast, and on islands and archipelagos. The historic and cultural tourism, and business tourism has been growing in recent years representing a very viable option in many regions of the country;

Public Infrastructures
The Government of Mozambique in partnership with the private sector has been investing in the development of public infrastructures, namely roads, bridges, telecommunications, energy, among other sectors. Consequently various opportunities abound in these sectors and investors are therefore challenged to create innovative ways of investing in these sectors and ensure turnover of their capital as well as profit, through BOT, or other mutually advantageous manners
Mineral Resources
The diversity and vastness of unexploited mineral resources that the country is endowed with represent major investment opportunities for the exploration, extraction, processing and utilization of various types of resources, of which the most important are natural gas, coal, gold, titanium, ilmenite, zircon, rutile, tantalite, marbles, and precious stones.
Energy
With the start of commercial extraction of natural gas, rehabilitation and construction of new hydroelectric dams, start of the exploitation and foment of alternative and renewable energies such as solar, oleic, and biofuels (bioethanol, biodiesel e biogas), the country has expanded its energy generation capacity potential to more than 16,000MW. Taking into account the total liberalization of energy sector thus allowing private participation, including in the form of public-private partnership, the sector represents a major investment and growth opportunity.
Banking & Insurance
Central Bank:Banco de Moçambique
Currency: Metical (MT)
A total of 9 commercial banks operate in Mozambique, namely:
• 1 investment bank,
• 3 microfinance banks,
• 5 credit cooperatives,
• 3 financial leasing institutions,
• 1 group purchase administration society,
• 1 investment societies,
• 1 representation of a credit institution with its headquarters abroad,
• 20 exchange bureaus, and
• 20 entities licensed to exercise credit functions.
Commercial Banks:
Various commercial banks with participation of both local and foreign capitals operate in Mozambique with their headquarters located in Maputo and branches in the rest of the country, namely:
• Millennium BIM, SARL,
• Barclays Bank, SARL,
• Standard Bank (SB), SARL,
• Banco Comercial e de Investimentos (BCI Fomento), SARL,
• Banco Internacional de Comércio (ICB), SARL,
• Mauritius Commercial Bank (Moçambique), SA
• African Banking Corporation (Moçambique) (ABC), SARL,
• First National Bank, and
• Banco Mercantil e de Investimento (BMI), SARL.
Banks open from Monday to Friday from 08:00 to 15:00 hours. In some hotels and shopping centers banks are open from 8:00 to17:00 hours, from Monday to Friday. Some banks also open on Saturdays from 9:00 to 13:00 hours.
Insurance Companies: 
The Insurance market is covered by five companies, namely:
• Emose - Empresa Moçambicana de Seguros, SARL,
• GA - Global Alliance (Moçambique), SARL,
• Hollard Moçambique Companhia de Seguros, SARL,
• MCS -Moçambique Companhia de Seguros, SARL  and
• Millennium Seguradora Internacional de Moçambique, SARL.
19 May, 2011
Mozambique and Namibia scrap entry visas
The Mozambican and Namibian governments on 18 May signed an agreement in Windhoek to abolish entry visas for the citizens of the two countries.
18 May, 2011
Construction of Nacala airport to create 700 jobs
The construction of an international airport in the northern Mozambican port of Nacala will create a total of 700 jobs, according to the official government spokesperson, Deputy Justice Minister Alberto Nkutumula.
12 May, 2011
112,000 tonnes of cashew nuts marketed
The Mozambican cashew sector showed its continuing recovery by marketing 112,000 tonnes of cashew nuts in the 2010-2011 campaign, much higher than anything in the previous three decades.

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Oilmoz hopes to have refinery operational by 2014


    16 February, 2009

The Mozambican company Oilmoz hopes that it will have an oil refinery up and running in Maputo province by 2014. The company presented its plans for the refinery at a meeting in Maputo on 2 February. Oilmoz Chief Executive Officer Fausto Cruz puts the total cost of the refinery at $8 billion. The refinery would produce 350,000 barrels of fuel a day.
The exact location of the refinery has not yet been chosen, but there are five possibilities. Despite this uncertainty, Oilmoz hopes that construction will begin in late 2009 or early 2010.
Cruz estimated that the construction would employ 15,000 workers, and that when operational the refinery will provide 2,000 full time jobs.
The construction will also include an offshore terminal to receive the tankers bringing the crude oil, water and waste treatment stations, new roads, and a variety of other social and economic infrastructures.
Asked who the Oilmoz shareholders are, Cruz refused to give a straight answer, replying simply “it’s a company owned by individual Mozambicans”.
But one of the partners of the project is the Joaquim Chissano Foundation, set up the country’s former President. The company has turned to the foundation to assist in matters of “corporate social responsibility”, said the Foundation’s executive director, former Foreign Minister Leonardo Simao, who is also the Oilmoz chairperson. Chissano himself was among those attending the meeting.
The chairperson of the board of directors of the state fuel company Petromoc, Mateus Katupha, thought the planned refinery could be of great importance for the national and regional economy, since it would make refined fuels available at a lower price than imported fuels. Katupha argued this would provide an opportunity for Petromoc “to enter the regional market”.
Mozambique currently consumes an estimate 17,000 barrels of fuel a day. Since Oilmoz expects to produce 350,000 barrels a day, the bulk of this production will be exported to other countries in the SADC (Southern African Development Community) region.
A second refinery, in which the main shareholder is the American company Ayr Logistics, is planned for Nacala in the north of the country. Cruz said Oilmoz was not worried by competition from this refinery. He was sure the market would prove large enough for both of them.

Shell Global Solutions to provide expertise for new Oilmoz Refinery in Mozambique

Shell Global Solutions to provide expertise for new Oilmoz Refinery in Mozambique

06/05/2009

Oilmoz Ltda. (Oilmoz) has signed an agreement with Shell Global Solutions International B.V. (Shell Global Solutions) for a configuration and feasibility study for Oilmoz's new greenfield refinery in Mozambique.
In addition, Shell Global Solutions will prepare a Basis of Design (BOD) for the 350,000 barrels per day refinery in the Maputo province. The agreement is intended to form the start of a longer-term relationship between Oilmoz and Shell Global Solutions on this Greenfield refinery project.
Shell Global Solutions' study will help Oilmoz choose the best possible refinery design to meet future energy demand and environmental regulations. The BOD will be the basis for the development of the refinery construction project's basic design packages.
Shell Global Solutions will focus on the following:
  • Defining the most cost-efficient configuration for the refinery based on the projected business environment;
  • Optimizing the integration of the design and operation process;
  • Providing a solid foundation in the study, enabling an efficient and seamless transition to the subsequent design phases; and
  • Delivering a basis of design that will be the foundation for the further development of the greenfield refinery project.
Ed Daniels, VP Commercial, Shell Global Solutions International B.V., said: "Our mission for Oilmoz is to enable a robust and sustainable operation, from day one, with world-class performance. From our experience on projects like this, we understand that the safe implementation and operation, smooth start-up and assurance of integrity and reliability of the assets are vital for a sustainable production over the life cycle of the project."
Dr. Leonardo Simão, Chairman, Oilmoz, said: "We believe in Shell Global Solutions' expertise and long-standing experience in similar large projects. We look forward to building this relationship and are certain that Shell will help us achieve operational excellence."
Fausto Cruz, CEO, Oilmoz, said: "We trust that with Shell Global Solutions, Oilmoz will achieve a professional feasibility study, including, but not limited to a BOD "Basis of Design" / BOP or BEP and further agreements are under discussions as Oilmoz intend to establish a long term relationship with Shell Group, which include crude oil supply and product off-take agreements with Shell's affiliate STASCO, management and know-how, project support in the form of technical services, advice throughout the project, during the commissioning and start-up of the units and also continuing thereafter during operations."

martes, 24 de mayo de 2011

Construction of Nacala airport to create 700 jobs

    18 May, 2011
Construction of Nacala airport to create 700 jobs
Maputo, 18 May (AIM) – The construction of an international airport in the northern Mozambican port of Nacala will create a total of 700 jobs, according to the official government spokesperson, Deputy Justice Minister Alberto Nkutumula.

The new airport is the modernization of what was once the Nacala military air base. The work includes the construction of passenger and cargo terminals, and a new control tower, and resurfacing the runway.

Of the 700 workers involved in the construction phase only 50 will foreigners. They will be from Brazil, the partner country in implementing the project. Once construction is complete the airport will need 100 employees for its normal operations.

The decision to go ahead with the airport is the result of a contract signed in April in the Brazilian city of Rio de Janeiro between the Mozambican government and the Brazilian Development Bank (BNDES). It is hoped that the airport will be completed by February 2013.

Nkutumula told reporters that the Council of Ministers (Cabinet) on 17 May approved a resolution that ratified the contract for financing the construction of Nacala International Airport.

He said that the government’s expectation is that the airport, budgeted at $80 million, will boost development in Nampula province and throughout the north of the country.

The airport will have the capacity to handle between 500,000 and 600,000 passengers a year, and receive class D aircraft, such as Boeing 757s and 767s.
(AIM)

Oilmoz 300.000 BPD Crude Oil Refinery

Oilmoz 300.000 BPD Crude Oil Refinery

Project:Oilmoz 300.000 BPD Crude Oil Refinery
Location:Mozambique
Capital Cost:USD 10 billion
Status:Underway
Implementation Date:01-Oct-2007
Industrial Sector(s):Oil Refining
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is financed by:European Finance House
is owned by:OILMOZ – Investimentos e Participações, Lda
uses supplier:Price Waterhouse Coopers Appointments (20%)
uses supplier:Royal Dutch Shell plc (50%)
uses supplier:STASCO (1%)
OILMOZ – Investimentos e Participações, Lda is a company registered and incorporated in the Republic of Mozambique. OILMOZ has it’s administrative offices located in Maputo / Mozambique.
Oilmoz has secured the government support via CPI to proceed with the commissioning of the refinery project in Mozambique.
The project envisages the construction and operation of a 300,000BPD, crude oil refinery in Mozambique. The refinery will take 4/5 years to be fully commissioned.

Oilmoz 300.000 BPD Crude Oil Refinery
Tel:+258 84 7328604
Fax:+258 21 415863
E-mail:Yes - Send a message