Mozambique needs less haste, less speed
Bureaucracy, financing problems and last-minute wrangles are slowing Rovuma Basin projects
Mozambique's government infrastructure is creaking under the strain of managing one of the world's most ambitious hydrocarbons provinces. The severely understaffed oil regulator, Instituto Nacional de Petróleo (INP), has been working flat out to finalise agreements aimed at getting long-delayed offshore Rovuma Basin gas projects underway, while also negotiating the allocation of new exploration blocks and awarding downstream gas monetisation projects. Meanwhile, the energy ministry has had to adapt to a new leader, following the replacement of the highly respected Pedro Couto as energy minister by Leticia Klemens last October. Klemens was a surprising and inexperienced pick, whose profession
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results