Monday, May 28, 2007

Mozambique to issue more oil licenses in Rovuma Basin

(Reuters) - Mozambique is preparing to issue companies more licenses for oil and gas exploration in the southern African nation's prized Rovuma Basin, a senior official said on Monday.

"We will launch another round of tenders for more licenses as early as 2008," Arsenio Mabote, director of the National Oil Institute, said in an interview. "Right now we are waiting for environmental assessment reports, which we have ordered."


Read more at Reuters Africa

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