12 °c
London
Wednesday, June 29, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Economy

Energi Mega Eyes $96.25m From Planned Gas Block Sale in Mozambique

FurtherAfrica by FurtherAfrica
December 30, 2015
in Economy, Energy, FDI, Gas, Infrastructure, Mozambique, Natural Resources
Reading Time: 1 min read
1.2k 37
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Energi Mega Persada, an oil and gas company controlled by tycoon-politician Aburizal Bakrie, is looking to rake in at least $96.25 million from selling half of its rights at the Buzi natural gas block in Mozambique, according to a top executive.

Imam Agustino, president director of Energi Mega Persada, said the company is currently in the process of negotiations to sell its rights with a strategic investor from Africa.

Energi Mega Persada has been looking to sell its participating rights at the block since the end of 2014, before opening tender earlier this June in London.

“We hope to get about 10 percent profit compared to our purchasing price back in 2013,” Imam said in Jakarta on Tuesday.

“The profit from this transaction will be used to develop the Buzi block in the future and increase oil and gas production.”

The Buzi block is estimated to have up to 212.3 billion cubic meters of proven and probable reserves.

Energi Mega Persada won 75 percent participating rights in the Buzi block in Mozambique for $175 million in 2013, while the remainder is held by the Mozambican government through Empressa Nacional de Hidrocarbonetos.

Source: Jakarta Globe

Related

Tags: BuziBuzz BlockEmpressa Nacional de HidrocarbonetosEnergi Mega PersadaENHGasImam AgustinoLiquid Natural GasLNGモザンビーク莫桑比克
ScanSendShare489Tweet306Share86Pin110Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

S&P Analysis: New African refining projects to cap continent’s crude exports
Energy

Angola joins the EITI as Africa’s 28th member

by Energy Capital & Power
June 29, 2022
Mozambique picks Societe Generale to advise state oil company on funding
Economy

SocGen CEO sees organic Africa growth in ‘uncertain climate’

by FurtherAfrica
June 29, 2022
Economy

Standard Bank estimates inflation drop in Angola in around 16.1%

by FurtherAfrica
June 28, 2022
Egypt: AfDB approves loan for 200 MW Solar Plant
Energy

New solar project to expand electricity access in Chad

by Energy Capital & Power
June 27, 2022
Energy

TechnipFMC awarded Angola offshore subsea contract

by Energy Capital & Power
June 27, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Business

Qatar investors acquire Rwanda Umubano hotel

by Taarifa Rwanda
June 29, 2022
0

Rwanda has handed over the former Umubano hotel to Kasada, a leading independent investment platform dedicated to hospitality investments in...

Read more
Angola Capital Markets Commission analyses privatisations through stock exchange

Nairobi Stock Exchange Africa’s 3rd poorest performer

June 29, 2022
FurtherAfrica join forces to promote ATIGS Dubai 2020

Theorems Groups – Sarko Partners join forces to enter SADC

June 29, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director

Cryptocurrency offers hope for Africa’s economic resurgence

June 29, 2022
The tripartite network theory in the gold mining industry: a lesson for Africa

Ethiopia’s gold export generated US$513.9M in 11-month

June 29, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?