Mozambique 9 September: National interests in oil and gas
Good afternoon. The international oil and gas companies awarded blocks in Mozambique’s fifth auction can at last finalise negotiations on the terms of their exploration after government approval for the model EPCC contract this week.
SEE: Mozambique clears way for more oil and gas exploration
The approval of the model contract is an important milestone for the companies but will also “ensure transparency and safeguard national interests” in the oil and gas sector, according to the government spokesman.
Those sentiments were echoed this week by Mozambique’s state insurance company EMOSE which said it would launch a subsidiary to focus on winning insurance contracts in the energy space. The sector should not be left to foreign companies to exploit, EMOSE’s non-executive chairman said, adding that his company is also “working to protect the national interest.”
SEE: Insurance company EMOSE to target energy contractors in Mozambique
Of more immediate relevance to the woman on the street is whether the price of bread is about to rise. The government has been keeping a price increase at bay for some months now, but the quality of communication between the Ministry of Trade and Industry, the bakers, and the millers continues to leave much to be desired. At stake is a question that has in the past led to unrest in Mozambique’s major cities.
SEE: Mozambique bakers say no agreement made on bread price freeze
The government knows that the only sustainable solution to food security in Mozambique is for the country itself to produce enough. One step in that direction was taken by the governor of Manica province and his neighbours in Zimbabwe last week, who signed a $200m deal to co-operate on initiatives to boost agro-processing activities.
SEE: $200 million to scale up Zim-Mozambique Agro-processing ventures
Have a great weekend.
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