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Petrobras signs oil cooperation agreement in Mozambique

agenciabrasil.ebc.com.br · 13h · first reportShare

Petrobras announced on Wednesday (Sep. 23) that it had signed a memorandum of understanding for strategic cooperation in the oil and gas sector in Mozambique , a country on the southeast coast of Africa. The agreement was signed with the National Hydrocarbons Company (ENH), the Mozambican government’s commercial arm for oil and gas exploration, production, processing, marketing, and distribution. Notícias relacionadas: Petrobras to explore for oil off equatorial margin of Côte d’Ivoire. Petrobras boasts highest profit margin among world’s top oil giants. Petrobras negotiates oil exploration in Ghana. Among the document’s objectives are joint efforts in studies, evaluation, development, and marketing, as well as the exchange of knowledge and technical expertise. The agreement is valid for two years and may be extended. Focus on natural gas Mozambique, a country with a population of about 30 million, shares with Brazil the legacy of having been a Portuguese colony, which explains why the