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    Reuters: Rosneft, Exxon, Eni, Sasol Win Exploration Rights in Mozambique

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Summary

Rosneft, Exxon, Eni and Sasol are the four companies who have been awarded licences to explore for fossil fuels off the coast of Mozambique

by: Erica Mills

Posted in:

Press Notes, Africa

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Reuters: Rosneft, Exxon, Eni, Sasol Win Exploration Rights in Mozambique

Russia's Rosneft and partner ExxonMobil are among the four companies to win potentially lucrative exploration rights for fossil fuels off Mozambique's Indian Ocean coast on Thursday, the company said in a statement.

The award comes as Rosneft, the world's top listed oil producer by output, is under Western sanctions over Moscow's role in the Ukraine crisis. Sanctions limit its ability to raise Western funds and curb cooperation on new technology in Russia.

Read the full article HERE.

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