{"id":10281,"date":"2012-04-26T04:31:40","date_gmt":"2012-04-26T02:31:40","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/mozambique-seeks-greater-share-in-future-gas-blocks\/"},"modified":"2012-04-26T04:31:40","modified_gmt":"2012-04-26T02:31:40","slug":"mozambique-seeks-greater-share-in-future-gas-blocks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/mozambique-seeks-greater-share-in-future-gas-blocks\/","title":{"rendered":"Mozambique seeks greater share in future gas blocks"},"content":{"rendered":"

\t\t<\/span><\/p>\n

MAPUTO, April 25<\/span> (Reuters) – Mozambique plans to increase
\nthe maximum stake it holds in future oil blocks to up to 40
\npercent from a current maximum of 25 percent, the head of the
\nnational oil company said on Wednesday.<\/span><\/p>\n

<\/span><\/p>\n

Recent gas discoveries by U.S. oil and gas producer Anadarko
\nPetroleum and Italy’s Eni have boosted interest
\nin the southern African country and Mozambique hopes to keep a
\ngreater share of future profits in the country.<\/p>\n

<\/span><\/p>\n

“The plan is to go up to 40 percent in all future projects,
\nto improve state control of the companies and get more income
\nfor the country,” Nelson Ocuane told Reuters on the sidelines of
\nan energy and mining conference in Maputo.<\/p>\n

<\/span><\/p>\n

“It will be possible to do it as we get income from the
\nprojects in which we are participating at the moment.”<\/p>\n

<\/span><\/p>\n

In future Mozambican national oil company Empresa Nacional
\nde Hidrocarbonetos (ENH) may also opt to develop certain blocks
\non its own if it has developed its financial muscle to do so,
\nOcuane added.<\/p>\n

<\/span><\/p>\n

ENH currently holds a 25 percent stake in the Pande\/Temane
\nonshore field operated by South African petrochemical group
\nSasol and a 10 percent stake valid for the exploration
\nphase in offshore blocks run by consortia operated by Anadarko,
\nEni and Norway’s Statoil.<\/p>\n

<\/span><\/p>\n

The country will need to mobilise $3 billion by the end of
\nnext year to keep its 10-percent stake in the Rovuma basin
\noffshore projects as they move to the next phase, Ocuane added.<\/p>\n

<\/span><\/p>\n

The actual stakes ENH would take in individual blocks would
\nbe decided on a case-by-case basis, depending on funding
\nrequired.<\/p>\n

<\/span><\/p>\n

Mozambique plans to launch the next bidding round for blocks
\nin Rovuma by the end of this year, an official from the national
\noil institute said earlier this week.<\/p>\n

<\/span><\/p>\n

Companies including Eni, Exxon Mobil, BP,
\nMalaysia’s Petronas, Shell, Tullow Oil
\n, Vitol and Noble Energy, have
\nexpressed interest in future bidding rounds, he
\nsaid. \t<\/p>\n

(Reporting by William Mapote and Agnieszka Flak; editing by
\nKeiron Henderson)<\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MAPUTO, April 25 (Reuters) – Mozambique plans to increase the maximum stake it holds in future oil blocks to up to 40 percent from a current maximum of 25 percent, the head of the national oil company said on Wednesday. Recent gas discoveries by U.S. oil and gas producer Anadarko Petroleum and Italy’s Eni have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10281"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10281\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}