Petróleos de Moçambique (Petromoc) owes around six billion meticais to the Mozambican Tax Authority (AT) and other creditors. In addition to debt-related issues, the company’s board of directors says that it is facing other difficulties in sustaining operations. Petromoc’s management acknowledges that the company’s accounts are in the red. The firm’s board of directors intends … Continue reading Petromoc owes more than six billion meticais to the AT and other creditors