Mozambique to Collect HUGE Tax on ENI/ExxonMobil Deal

Wednesday, March 22, 2017

With the deal between ENI and ExxonMobil for a stake in Mozambique’s Offshore Area 4, the government is set to receive a big capital gains tax payment from ENI.

According to reports, ENI will have to pay around $350 million in capital gains tax on the $2.8 billion ExxonMobil deal.

The deal between the two gave US supermajor ExxonMobil a 25% stake in Offshore Area 4, which is tagged to hold around 85 Tcf of natural gas.

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