Oil traders saw a mixed bag this week with Brent prices treading water near the $60 mark on a mix of bearish and bullish signals. Prices have retained their 20% bounce off their low point three weeks ago but have only retraced 29% of their massive selloff in the fourth quarter.
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The strengthening of the railway infrastructure to carry coal from the inland Tete province to the sea for export is one of the top priorities next year for Mozambique’s Ministry of Transport and Communications. This was affirmed by Transport and Communications Vice-Minister Manuela Rebelo in an interview with the Maputo newspaper ‘O País’, after the recent thirty-sixth meeting of the Coordinating Council of officials of the Ministry.
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The State-run Airports Company (ADM) is to adapt its assets and working practices to meet the needs of the country’s growing mega-projects. This was the message from the conference entitled “Mega-projects Air Transport Needs” held in Maputo on Wednesday.
Read MoreThe entry of private operators into the fuel logistics chain, through their liberalisation, means Angola will have more storage capacity, which is currently limited, the director general of the Regulatory Institute for Oil Derivatives (IRDP), Manuel Albino Ferreira said on Wednesday in Luanda.
Read MoreCoal production in Mozambique reached a quarterly record of 3.2 Mt in 3Q17, 5.8% and 38.3% higher than in 2Q17 and 3Q16, respectively, as a result of the better performance of the two Coal Handling and Preparation Plants (CHPP1 and CHPP2), according to the 3Q17 production report.
Read MoreMozambique’s National Hydrocarbon Company (ENH) announced on Wednesday that its subsidiary ENH Logistics (ENHL) has established a partnership with the Italian company Bonatti, intended to bring to Mozambique Bonatti’s experience in the provision of services to the hydrocarbon industry.
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