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Breaking: Mozambique’s government approves Anadarko-led development plan for Rovuma Basin Area 1
8:07 CAT | 06 Feb 2018
The Government approved at today’s session of the Council of Ministers, the development plan for Area 1, of the Rovuma basin. It is a natural gas production project located in the district of Palma, at the northern end of Cabo Delgado province.
Led by US-based Anadarko, the consortium that operates Rovuma Basin Area 1 is expected to invest US$12 billion, which will generate 5,000 jobs in the construction phase and 1,000 during production.
The government expects to obtain from this project around US$30.7 billion by 2047, in both taxes and production sharing.
By Emídio Beúla
Source: O País
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