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Mozambique’s CMH profits fall by 54%
1:05 CAT | 19 Sep 2016
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Profits recorded by the Mozambican Hydrocarbon Company (Companhia Moçambicana de Hidrocarbonetos, CMH) during the period from July 2015 to July 2016 were down by approximately 54%. This is according to the head of CMH, Joaquim Caronga.
Caronga pointed out that the fall in profits is mainly due to the decrease in oil prices on the international market.
About CMH
Companhia Moçambicana de Hidrocarbonetos, SA engages in petroleum operations in the gas fields of Pande and Temane in Mozambique. It produces hydrocarbons, natural gas, and condensate. The company was founded in 2000 and is based in Maputo, Mozambique. Companhia Moçambicana de Hidrocarbonetos, SA is a subsidiary of Empresa Nacional de Hidrocarbonetos, EP.
Source: Agency Nova / Rhula / Bloomberg
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