Mozambique Stock Exchange reports €3.3 million in profits in 2024
Estevão Pale
6:30 CAT | 24 March 2025
Estevão Tomás Rafael Pale is currently serving as Minister of Mineral Resources and Energy.
Pale was the Chairman and CEO of ENH, Mozambique´s National Hydrocarbons Company from 2020 to January 2025 .
He holds a Masters in Financial Economics from the University of London, a Postgraduate in Mining Engineering from the Camborne School of Mines in England and a Bachelor Degree in Economics from Eduardo Mondlane University in Mozambique.
Estevão Pale has over 35 years of experience in geology and mining and ten years of experience in the oil and gas sector. He successfully led several organizations, and was National Director of Mines at the Ministry of Mineral Resources and Energy for almost ten years. In this latter role, he was responsible for designing and implementing the support project for the development of the geological and the mining sector, financed by the World Bank. The project facilitated the review of the legal structure and attracted more investments to the sector.
Estevão Pale was the Executive Director of CMH – Companhia Moçambicana de Hidrocarbonetos, SA, from 2005 to February 2020. CMH holds 25% of the shares of Joint-Venture Pande & Temane, and Sasol Petroleum Temane holds 70% and IFC – The International Finance Corporation, a member of the World Bank Group, holds 5%.
As Executive Director of CMH, Estevão Pale was instrumental in increasingly obtaining positive results for CMH’s shareholders, and positioning CMH as a model in the oil and gas industry in Mozambique.
Source: Mozambique Gas & Energy Summit & Exhibition
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