Petropac has made MoU to make oil channel and gas from Maputo in Mozambique and its supply to markets in South Africa.

This new investment after Petropac on the market by Petroline, a consortium stockholder South African and Mozambican. From this invesment Petropac will get return of certain cost and initial expenses to do study elegibility.

Facility required in doing project, for early stage will be financed by Petropac. Petropac will have a real big role in this project to do exploitation and maximizes the local resource.

Amjad Bseisu, chief executive of Petrofac Energy Developments, said:

“This project deploys our capabilities in infrastructure investment and in assisting partners in evaluating, optimising and completing the project. We look forward to completing the necessary feasibility work and commercial arrangements to move this exciting project to the next stage of development.”