Mozambique Backs ENH Eurobonds

Monday, April 1, 2019

The government of Mozambique will grant a State endorsement on the issue of Eurobonds by oil company ENH in order to guarantee its participation in natural gas projects, according to an Economist Intelligence Unit (EIU) report.
ENH has a 15% stake in the Area 1 block, led by the Anadarko Petroleum group, and its involvement in the financing of the project is estimated at $2 billion, which the company intends to raise in international markets.
The EIU writes in its latest report on Mozambique that the project is financially secure, supported by credible oil companies, is transparent and has been approved by the Mozambican parliament.

« GO BACK

You may also like

" alt="TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert">

TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert

" alt="Sintana to Expand Asset Base in Namibia with Acquisition">

Sintana to Expand Asset Base in Namibia with Acquisition

" alt="Luanda Gives Afentra Nod for Azule Acquisition">

Luanda Gives Afentra Nod for Azule Acquisition

" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">

TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt