The National Hydrocarbon Company (ENH) in Mozambique is planning to construct a gas refinery and has already launched a public tender for the initiative.
The ENH chairperson, Omar Mitha confirmed the news after signing the cooperation agreements with the Chinese National Petroleum Corporation (CNPC) and said that the tenders were made public in April.
According to the signed agreement, a joint Mozambique-China petroleum and gas cooperation committee was formed and will meet alternately in Maputo and Beijing.
On the other hand, the CNPC Deputy Chairperson, Hou Qijua, said that Mozambique is a country with great development potential, and has the foundations for growth in petroleum industry. Additionally, ENH and CNPC are already partners in Rovuma Basin Area Four, where CNPC acquired an indirect participation via the Italian energy company ENI-East Africa.
ENI-East Africa holds 70% of the Area Four concession. 35.7% of ENI-East Africa is owned by ENI, 35.7% by the American oil and gas giant Exxon Mobil and 28.6% by CNPC.The remaining 30% of Area Four is held by ENH, Kogas of South Korea and Galp Energia of Portugal, each with a ten per cent stake.
ENH is the entity of the Mozambican State responsible for the research, prospection, production and commercialization of petroleum products and represents the State in oil operations.