BP signs oil agreement with Mozambique state oil firm | Fin24
 
Loading...

BP signs oil agreement with Mozambique state oil firm

Oct 04 2016 14:21

Maputo - Mozambique's state-owned oil company ENH said on Tuesday it had signed a sales agreement with BP for the sale of liquefied natural gas (LNG) from the South Coral field.

Italian oil firm ENI, the operator of the field, also signed the agreement, ENH said.

"The contract is valid for 20 years, covering the sale of all LNG volumes that will be produced from the LNG floating plant in Coral South which will have a production capacity above 3.3 million tonnes of LNG per year," the company said in a statement.

Read Fin24's top stories trending on Twitter:

mozambique  |  oil and gas  |  economy
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...