finance

Mozambique Oil & Gas: Finance minister defends loan guarantee for ENH

Posted on November 14, 2018 by Mozambique Resources Post

The Minister of Economy and Finance, Adriano Maleiane, on Monday tried to persuade the Plan and Budget Commission (CPO) of the Mozambican parliament, the Assembly of the Republic, that the country needs to return to the international capital markets to borrow a further two billion US dollars to cover the participation of the National Hydrocarbon Company (ENH), in the liquefied natural gas (LNG) projects in the Rovuma Basin, off the coast of the northern province…

Africa Oil & Gas: Angolan tax revenue on oil exports rises in April to €760 M

Posted on May 24, 2017 by Mozambique Resources Post

Angolan fiscal revenue from oil exports increased 6.5% in April to more than 760 million euros, again approaching the highs at the beginning of the year, which was the best record in 16 months. According to data from the Ministry of Finance’s latest monthly reports on revenues from oil sales, Angola exported 48,579,198 barrels of crude oil in March at an average price of $49.(source: Lusa)