Petrochemicals group Sasol and its partners have entered into a $45-million agreement with Mozambique’s State-owned petroleum products distributor Petroleos de Mocambique (Petromoc) to buy condensate from the central processing facility in Temane, Mozambique.
“Promoting local content is key to ensuring that the oil and gas industry promotes in-county economic development.
“We have been focusing on identifying and sustaining Mozambican suppliers that can support and help develop our activities and participate meaningfully in the value chain of the growing hydrocarbons industry,” commented Sasol Exploration and Production International senior VP John Sichinga.
The proposals were evaluated independently in terms of a set of established criteria by the unincorporated joint venture partners in the Petroleum Production Agreement licence, namely Sasol, with a 70% stake, Companhia Mocambicana de Hidrocarbonetos (25%) and the International Finance Corporation (5%).