Mozambique Oil & Gas: ExxonMobil Boss in Maputo

ExxonMobil’s Chief Executive Rex Tillerson

ExxonMobil’s Chief Executive Rex Tillerson and his counterpart at Eni Claudio Descalzi met Mozambique’s President Filipe Nyusi last Tuesday. The expectation is that a deal for the United States supermajor to acquire around a 20% stake in Eni’s offshore Area 4 – first reported in March – will be announced soon. However, even if declared, the deal could take up to six months to close depending how new tax legislation in Mozambique is applied. READ MORE HERE


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