Mozambique - 01

Mozambique: ENH Defends the Pemba Logistics Base

The Mozambican government has recently come under pressure from IOCs to find an alternative to the PLB that has been beset by a lack of transparency and alleged corruption and nepotism, especially as the ongoing negotiations regarding the Pemba LNG terminal are reaching a final critical stage. For IOCs, a principal reason the PLB is a liability is that its ownership structure contains politically exposed persons from Nigeria and Italy mentioned in a February 2010 report by the US Senate Permanent Subcommittee on Investigations entitled “Keeping Foreign Corruption out of the United States.” In addition, Mozambican politicians are widely believed to have benefited from the PLB deal, raising another red flag. As a result…

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