The global oil industry is expected to ratchet up spending on new oil and gas projects this year, with the number of new final investment decisions (FIDs) soaring compared to the past few years.
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The Governor of the Bank of Mozambique revealed that the current account deficit deteriorated by US$ 414 million during the first half of the year, due to “the payment of specialized services of the megaprojects, in particular with regard to the construction of the platform in the Rovuma Basin.
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Financing is there for Africa’s major projects — but it isn’t always easy to find. Meet the financial institutions behind the next wave of megaprojects at AOP 2018.
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The Mozambican Tax Authority revealed on Tuesday that megaprojects, the mining industry and the oil industry contributed less revenue to the state’s coffers in the first half of the year than last year.
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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.
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