Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
Oil prices recovered in addition floor on Friday, after touching three-week lows in the previous session, responding to a document decline in US growth as the coronavirus ravaged the world’s largest economic system and oil consumer. Brent crude was once up via 14c, or 0.3%, at $43.08 a barrel by using 3.58am GMT. On Thursday, […]
Tanzania’s economic growth could fall to 4% this calender year due to effects of the coronavirus pandemic, according to Finance Minister Philip Mpango. Economic expansion “could further decline depending on the extent of the impact of the coronavirus outbreak on different sectors of the economy,” Mpango told lawmakers on Friday in a presentation seen by […]