Unrest along Mozambique’s northern coast has halted onshore development
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
China's state-controlled Cnooc is seeking to invest in Mozambique for the first time, while Italy’s Eni is looking to expand its portfolio in the troubled east African nation, after both firms submitted bids in Mozambique’s sixth licensing round. Cnooc bid for five blocks: three in the Angoche basin and two in the Save basin, according to Mozambican regulator INP. The Chinese firm is proposing operating the blocks with 70–80pc ownership, with Mozambican NOC ENH holding the remainder. If the bids are successful, they would be Cnooc’s first foray into the country. Eni, meanwhile, bid to operate one block in the Angoche basin with a 60pc stake, with ENH holding the remaining 40pc. INP plans to
Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
