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    Reuters: Exxon, Eni, Sasol Bid for Mozambique's Unexplored Fossil Fuel Bounty

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Summary

Exxon Mobil, Eni and Sasol are just three of the the firms that have submitted bids to explore new blocks for fossil fuels in Mozambique, a senior official says

by: Erica Mills

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Press Notes, Africa

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Reuters: Exxon, Eni, Sasol Bid for Mozambique's Unexplored Fossil Fuel Bounty

Exxon Mobil, Italy's Eni and South Africa's Sasol are among the firms that submitted bids to explore new blocks for fossil fuels in Mozambique and off its Indian Ocean coastline, a senior official said on Thursday.

A total of fifteen blocks in some 76,800 sq km were included in the fifth licensing round for which the Institute of National Petroleum (INP) closed bidding on Thursday.

The successful bidders will be announced "within the next 2 to 3 months" INP chairman Arsênio Mabote said.

Read the full article HERE.

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