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ATA - Tourist season in Durrës/ Entities to benefit from government fiscal incentives
TIRANA, Feb 20/ATA/- The law “On coastal activities” proposed by the Albanian Government represents a new prospect for marine tourism,...
NNA - فوز لبنان على العراق في تصفيات كأس آسيا لكرة السلة بفارق 19 نقطة
وطنية - استهل منتخب لبنان لكرة السلة مشواره في التصفيات المؤهلة لنهائيات بطولة آسيا 2021، بالفوز على ضيفه المنتخب العراقي بفارق 19 نقطة 87-68 (الاشواط 15-11، 44-33، 62-57، 87-68).في المباراة...
MAP - Social Protection: AfDB Loans Morocco 204 Million Dollars
Rabat-February21,2020-(MAP)-The African Development Bank (AfDB) Group has granted Morocco a loan of 204 million dollars to finance the Social Protection...
MAP - Royal Vision for Preservation of Argan Tree Praised by UN Agencies in New York
United Nations - February 21, 2020 - (MAP) -The permanent mission of the Kingdom of Morocco to the United Nations...
ATA - Increase of exports with Spain, Kosovo and Germany as compared to last year
TIRANA,February 20/ATA/-In January 2020, countries with which Albania has had the highest increase of exports, compared to January 2019 are:...
MAP - Morocco, UAE Discuss in Ajman Means to Strengthen Cooperation in Football
Abu Dhabi - February 21,2020 -(MAP) -President of the Royal Moroccan Football Federation, Fouzi Lekjaa, held talks Monday in Ajman...
MAP - L'artiste peintre et écrivaine Loubaba Laalej expose ses oeuvres récentes à Tétouan
Tétouan-21 février 2020- (MAP) -Les cimaises de la galerie du Centre socio-culturel de la fondation Mohammed VI de Tétouan abritera,...
ATA - Vetting/Chief Judge of Vlora’s Administrative Court dismissed from office
TIRANA,Feb21/ATA/–By I.Vata/-The chief judge of Vlora’s Administrative Court, Astrit Shema, was dismissed from office for failure to justify the wealth....
MAP - IMF Managing Director Congratulates Morocco on its Efforts to Fight Corruption
Rabat - February 21, 2020 - (MAP) -Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, congratulated Thursday Morocco...
MAP - Des dizaines de jeunes affluent quotidiennement vers la plateforme d'écoute et d'orientation 'Argana'
Ait-Melloul (préfecture d’Inezgane-Aït Melloul) - 21 février 2020 - (MAP) - Depuis son inauguration par SM le Roi Mohammed VI,...
CNA - قبرص والنرويج توقعان مذكرة تفاهم بشأن قضايا الطاقة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تستعد قبرص والنرويج لتوقيع مذكرة تفاهم بشأن قضايا الطاقة والتي تتضمن أحكاما لتبادل الخبرات فيما يتعلق بالصندوق الوطني للهيدروكربونات. ...
CNA - رئيس مجلس النواب يستنكر الانتهاكات الصارخة لحقوق الإنسان بسبب الغزو التركي عام 1974
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
استنكر رئيس مجلس النواب ديمتريس سيلوريس "الانتهاكات الصارخة للقانون الدولي وحقوق الإنسان الناتجة عن الغزو التركي عام 1974 واستمرار...
Lusa - Business News - Mozambique: Saipem to train Lurio university students for LNG megaprojects
Maputo, Feb. 21, 2020 (Lusa) – Final-year students at the University Lúrio (UniLúrio), Cabo Delgado province, northern Mozambique,...
Lusa - Business News - Portugal: PSI20 stock index closes red 0.45%, with NOS down 7% to 2014 lows
Lisbon, Feb.21,2020 (Lusa)-The Lisbon stock market closed Friday with a drop of 0.45% to 5,387.00 points on the PSI20 index,...
Lusa - Business News - Portugal: Algarve, Huelva universities developing electric/solar tourist buggies
Lisbon, Feb. 21, 2020 (Lusa) – The cross-border regions of Andalusia (Spain) and Algarve (Portugal) are working on a network...
Lusa - Business News - Mozambique: Total orders eight tankers for Afungi LNG project
Maputo, Feb. 21,2020 (Lusa)-The French oil company Total wants to have eight natural gas cargo ships built in South Korea...
Lusa - Business News - Portugal: 'Salmon grow in Portuguese waters'- Jeronimo Martins CEO
Lisbon, 21 fev 2020(Lusa)-The president of retailer Jerónimo Martins, Pedro Soares dos Santos, said on Friday that from the pilot...
Lusa - Business News - Portugal: Pingo Doce owner sees 2019 profit up 7.9%, plans further EU expansion
Lisbon, Feb.21,2020 (Lusa) - The president of retailer Jerónimo Martins, Pedro Soares dos Santos, announced on Friday that the retailer’s...
Lusa - Business News - Portugal: CTT invests €12M in Spain in express mail, parcel service
Madrid, Feb. 21, 2020 (Lusa) –CTT, Portugal’s post office, on Friday launched a new brand in Spain, in an investment...
Lusa - Business News - Portugal: National seed bank to send corn, beans, wheat to Noah's Ark in Norway
Braga, Feb. 21, 2020 (Lusa) - The Portuguese Plant Germplasm Bank will send 972 samples of corn, beans and wheat...
Lusa - Business News - Portugal: Lisbon Metro contests lawsuit on contract for new carriages, signals
Lisbon, Feb.21,2020 (Lusa)–The Lisbon Metro is to contest the lawsuit filed by one of the consortiums competing for the contract...
CNA - وزيرة خارجية النرويج: نيقوسيا شريك مهم للغاية في المنطقة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قالت وزيرة خارجية النرويج ايني سوريد إن أوسلو تعتبر قبرص شريكاً مهماً للغاية في المنطقة بسبب دورها كوسيط بين أوروبا والشرق...
CNA - Euroarea inflation up to 1,4%, stable at 0.7% in Cyprus
CNA –Athanasios Athanasiou- Brussels
The euro area annual inflation rate was 1.4% in January 2020, up from 1.3% in December. ...
CNA - Cyprus and Norway to sign MoU on energy issues
CNA-Antonios Gkildakis-Nicosia
Cyprus and Norway prepare to sign a Memorandum of Understanding (MoU) on energy issues, that will contain provisions for...
CNA - وزيرة الدولة للشحن تدعو إلى اتخاذ إجراءات للحفاظ على القدرة التنافسية للشحن البحري الأوروبي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أكدت وزيرة الدولة للنقل البحري ناتاسا بيليدس على "الحاجة في الحفاظ على القدرة التنافسية للشحن البحري الأوروبي" وذلك خلال النقاش حول...
HINA - Nine in ten Croats are milk consumers - survey
ZAGREB,Feb21(Hina)-Nearly90% of the Croatians consume milk and dairy products, according to findings of a survey conducted by the Ja Trgovac...
Lusa - Business News - Portugal: Country's inflation in January third lowest in EU, at 0.8% - Eurostat
Brussels, Feb. 21,2020 (Lusa) – Portugal’s rate of consumer inflation in January was the third lowest in the European Union,...
Lusa - Business News - Angola: Three aircraft short forces changes to TAAG's domestic flights
Luanda, Feb. 21,2020 (Lusa) – Three of the five aircraft used on Angolan airline TAAG's domestic flights are currently parked,...
CNA - Cyprus participates in the 3rd European Shipping Week
CNA - CYPRUS/Nicosia - The Cyprus Shipping Chamber (CSC) participated at the 3rd European Shipping Week, organised every two years...
Lusa - Business News - Portugal: Rodrigo Leão releases new 'electronic environmental' album 'O Método'
Lisbon, Feb.21,2020 (Lusa)–The new album by Rodrigo Leão, a Portuguese composer and musician and producer who has toured widely abroad...
Lusa - Business News - Portugal: EDP profit slips 1% in 2019 as conventional generation makes loss
Lisbon, Feb.21,2020 (Lusa)– Energias de Portugal (EDP) last year had a net profit of €512 million, down 1% on 2018,...
CNA - Cyprus Shipping Deputy Minister calls for action to maintain competitiveness of European Shipping
CNA - Athanasios Athanasiou - Brussels
Cyprus' Shipping Deputy Minister Natasa Pilides underlined "the need to maintain the competitiveness of European...
Lusa - Business News - Portugal: BCP to consider buying Novo Banco when it comes to market - CEO
Lisbon, Feb. 21, 2020 (Lusa) – The CEO of Portugal’s largest non-state bank, BCP, has signalled that it will look...
Lusa - Business News - Portugal: PSI20 opens 0.42% down at 5,388.53 points
Lisbon, Feb. 21, 2020 (Lusa) – The Lisbon stock exchange opened in negative territory on Friday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Feb. 21, 2020 (Lusa) – The front pages are all leading with parliament’s decision to decriminalise euthanasia and the...
Lusa - Business News - Mozambique: Sale of Occidental operations toTotal to strengthen LNG project




New York, Aug. 16, 2019 (Lusa) - Occidental's purchase of the African operations of American oil company Anadarko will have no impact on the exploration of natural gas in Mozambique, the presidents of the two companies said on Friday, promising that the operation will "strengthen the project.”
"Please be sure of Total's commitment to bring the best of our human, technical and financial capabilities to further strengthen the implementation of the project on the solid foundations established by Anadarko and its partners, and implement the Mozambique LNG project in the interest of all involved, including the government and people of Mozambique," said the executive director of Total, Patrick Pouyanné, quoted in a statement issued by Anadarko, which was purchased by Occidental, which will sell its African operations to French Total.
"Occidental and Total are committed to AMA1's operations in Mozambique and are confident that the Transaction will not have an adverse impact on AMA1's business in Mozambique," the statement said, which cites the president of Occidental to be strongly committed to ensuring that during the period in which it owns AMA1, the direction and timing of the project will remain unchanged.
In the statement, those responsible for the two oil companies seek to ensure that the sale of African assets to France's Total will not have an impact on gas exploration in Mozambique, which should be one of the main drivers of the transformation of the Mozambican economy.
Anadarko Moçambique Área 1, Lda. leads the consortium that operates Área 1 Offshore, with a 26.5% stake.
US oil company Occidental Petroleum bought its rival Anadarko for $55 billion (€49 billion), a company that leads one of the largest natural gas projects underway in Mozambique and Africa, has also agreed to sell its assets in Africa to French company Total for almost $9 billion.
In Mozambique, Total is involved in the petrol station business and has a history of hydrocarbon research off the Mozambican coast, an activity which it stopped three years ago.
After completing the business in preparation, it should replace Anadarko as leader of the consortium of Area 1 of liquefied natural gas (LNG) exploration, in northern Mozambique, with production slated to start in 2024.
In June, the natural gas exploration consortium in Mozambique, led by Anadarko, announced one of the largest ever investments in the country of $25 billion (€22.2 billion) for Area 1 of the Rovuma Basin, in Cabo Delgado (northern Mozambique), the amount represents double the country's Gross Domestic Product (GDP).
Last week, the Mozambican government and the Eni and Exxon Mobil consortium signed the second complementary agreement to their contract for research and production of natural gas in Area 4, northern Mozambique.
The gas projects of Area 1 and Area 4 (led by Exxon and Eni) should put Mozambique in the top 10 of the world's largest producers and accelerate economic growth of increases between 7% and 10% per year.
MBA/IMYN // AYLS
Lusa



Agency : LUSA

Date : 2019-08-17 12:24:43







 

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