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Sunday, 6 April 2008

Eye on Mozambique

Mozambique's government has approved the construction of an oil refinery in an $8 billion deal designed to reduce the nation's dependency on imported fuels. The refinery in southern Maputo province will be capable of producing 350,000 barrels of refined fuel per day when it becomes operational in seven years. This comes off the back of another $5 billion deal with U.S. firm Ayr Logistics for the construction of a refinery in Nacala-a-Velha in the northern Nampula province.

You can read more about Mozambique's oil and gas industry at
Mbendi.

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