Mozambique Oil & Gas: Minister calls for local businessmen unity to embrace gas opportunities

Mozambican businessmen differ on how to approach the huge business opportunities provided by Anadarko in Area 1 of the Rovuma Basin. Now, the Deputy Minister of Energy and Mineral Resources, Augusto Fernando, is calling for a combination of efforts to respond to the requirements.

US oil giant Anadarko will inject an anticipated US$ 30billion into its oil and gas project in Rovuma Basin Area 1, with at least US$2.5 billion allocated to Mozambican small and medium-sized enterprises, O Pais reports.

Facing this investment boom, Deputy Minister Augusto Fernando said in Maputo on Monday that entrepreneurs must combine their efforts in order to respond to Andarko’s requirements.

Catering is one of the areas which could be taken advantage of, Fernando said.

Businesspeople, on the other hand, differ as to the readiness of their companies to provide services to the North American multinational, with some firms acknowledging that they are not prepared.

The ten requirements laid out by Anadarko include companies’ overall business establishment, insurance, licensing, business capacity, finance, health, occupational safety, quality, human resources, compliance and referrals.

By Edson Arante

Source: O País

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