Mozambique - 01

Mozambique: Sasol’s Expanded Investment: A Litmus Test of Renamo’s Tactics

Despite continued macroeconomic and fiscal uncertainty and “junk” ratings for Mozambique, South Africa’s Sasol announced a $1.4bn investment in Inhambane province at the end of May. The investment is part of the Production Sharing Agreement (PSA) that Sasol signed with the Mozambican government in January 2016, and includes field developments near the company’s existing operations at Pande and Temane in Inhambane province. As part of the first phase of the expansion, 12 new wells will be drilled and the existing Central Processing Facility (CPF) at Temane upgraded to process 15,000 bpd, among other improvements.

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