Mining & Energy
Mozambique approves contract models for 5th licencing round of oil prospecting this week
The Mozambican state-owned fuel distributor company Petromoc’s general assembly has named Hélder Chambisse as the new chairman of the company’s board of directors, replacing Fernando Uache, a statement sent to Lusa reads.
The note also indicates that Gideon Ndombe has been appointed president of the company’s general assembly. Ndombe was Mozambique’s first minister of education after independence in 1975.
Mário Vicente Sitoe, a member of the Order of Accountants and Auditors of Mozambique, was appointed head of administration and finance.
The Mozambican government has acknowledged that Petromoc, which is 80 percent owned by the state, faces serious financial problems, as do most of the state-owned companies in the country.Source: Lusa
EDM restores power to northern Cabo Delgado
Prices of petrol and diesel increased - AIM report
Another fuel price hike kicks in tomorrow - Mozambique