Continental Focus, International Reach

Rosneft Plans Mozambican Office

Monday, July 17, 2017


Russian oil and gas explorer Rosneftplans to to open an office in Mozambique as it prepares to launch exploration in the country. Mozambique’s Ambassador to Russia Mario Saraiva Ngwenya, told Reuters that Mozambique expected to sign by the end of the year an agreement on the development terms of blocks that Rosneft and ExxonMobil were awarded in 2015.

“In the next few weeks there is a delegation from Rosneft visiting Maputo. Rosneft is preparing, planning to open an office in Mozambique,” he said.

In 2015 Mozambique awarded Rosneft and Exxon three contract areas: A5-B in the Angoche Basin as well as Z5-C and Z5-D in the Zambezi Delta.

“The government of Mozambique is in a negotiating process with Rosneft. We expect to sign a public agreement on terms of development of those blocks before the end of 2017,” the ambassador said.