Macauhub: China seeks to strengthen position in natural gas sector in Mozambique

China plans to have its companies in the oil sector strengthen their stakes in natural gas blocks in Mozambique, where so far world scale reserves have been discovered.

State-owned China Huadian Corporation is negotiating with Italy’s ENI a stake in block 4 of the Rovuma Basin, where state company Sinopec also bought a 20 percent stake two years ago.

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