A number of tasks are underway to place Mozambique as a number one drive in Africa’s oil and fuel trade.
Key initiatives embody a partnership between Mozambique’s state-owned Petromac and Nigeria’s Aiteo to construct Mozambique’s first oil refinery, Enterprise Insider Africa experiences. Moreover, the Mozambique-Zambia joint fuel pipeline mission is underway, with a objective to spice up regional vitality safety and strengthen financial ties.
“This mission, to be carried out over a most interval of 24 months, will enhance storage capability by 160,000 metric tonnes for liquid fuels and 24,000 metric tonnes for Liquefied Petroleum Gasoline,” Mozambique President Daniel Chapo mentioned of the Petromac deal, emphasizing the mission’s potential to cut back petroleum imports, generate employment, and enhance the nation’s GDP.
The initiative seeks to emulate Nigerian billionaire Aliko Dangote by creating Mozambique’s first-ever oil refinery within the southeastern African nation.
“The refinery will produce gasoline, diesel, naphtha, and Jet A1 with the ambition of conquering the regional market,” Chapo added.
Building of the oil refinery is ready to be accomplished by 2027, with native officers counting on the event to satisfy home gasoline demand whereas additionally enabling exports to neighboring international locations, positioning Mozambique as a key vitality hub in southern Africa.
Mozambique at present depends on imports for many of its refined oil merchandise, with India being the biggest provider, adopted by Saudi Arabia, Bahrain, Malaysia, and the UAE. Nonetheless, with the continued improvement tasks, the nation goals to affix the ranks of main oil producers like Nigeria, Angola, Algeria, Libya, and Egypt, all of which produce lots of of hundreds of barrels per day.
Different initiatives embody a serious enhance from the U.S. Export-Import Financial institution, which in March 2025 accepted an almost $5 billion mortgage to revive a long-delayed LNG mission in Mozambique. Led by French vitality big TotalEnergies, the mission marks a pivotal step in restarting improvement.
Mozambique’s Power Minister Estevão Pale highlighted its significance for each world vitality safety and the nation’s financial development. Gasoline manufacturing is anticipated to start in 2029.
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