Archive for the ‘Foreign investment’ Category

Exxon paga 350 milhões USD

23 March, 2017

por 25% do bloco de gás offshore da ENI.

The acquisition gives momentum to one of the world’s largest liquefied natural gas projects, and follows BP Plc’s October announcement that it will buy all production from Eni’s Coral South Floating LNG plant over a period of 20 years. The concession, where Eni discovered gas in 2011, includes both the Coral and Mamba gas fields, with reserves estimated at 85 trillion cubic feet. (source)


“British look for gold and gas in Mozambique”…

26 January, 2006

“Pan African Resources” (UK) looks for gold in Manica (more…)

…and Brazil invests in Mozambican gas

26 January, 2006

Very complete article on gas production in Mozambique, Brazilian (Petrobras) investment in coal extraction and exportation. References to porto de nacala and railway line crossing Malawi . (more…)

Gas production in Mozambique

9 December, 2005

7 Dec. Globo Online: Petrobras e Vale com acordo para produzir gás em Moçambique

Possible gas production in Mozambique after Brazilian companies reach an agreement.


Maputo: $30 million shopping mall

5 December, 2005

The Globe and Mail, 2 Dec. 2005: Mozambique hangs out ‘open for business’ sign Momad Bachir Suleman has a vision: “It will be the most beautiful shopping centre in southern Africa,” he says of the monster retail and entertainment complex he is building near the waterfront here in the Mozambican capital.

That remains to be judged, of course, and the eponymous MBS Centre won’t open until the middle of next year — but in the meantime the huge glass, marble and brushed-steel complex rising behind rickety hoardings is the source of much interested speculation in the city. The mall will have more than 150 stores, a full-floor food court, two cinemas, an electronics store the size of a Wal-Mart, and office space for more than 100 companies, all of it finished with tiles and columns imported from Spain, Italy and Belgium. There are many in this town who think Mr. Suleman is more than a little mad for bankrolling this project, which he estimates will cost in the neighbourhood of $30-million (U.S.) once the last piece of marble is laid. He has an economic counterargument, noting that wealthy Maputo denizens and expatriates routinely cross the border to the South African city of Nelspruit two hours away on weekends, to go to the movies and shop in the malls — he says they spend $11-million there each month, and his goal is to keep 60 per cent of it in Mozambique. But Mr. Suleman also has an emotional reason for his giant investment. “Sometimes I ask myself, am I crazy?” he said, but added, “I’m trying to be an example — if a local business can build something so big, maybe foreigners will see that Mozambique is stable and will want to come here.”