Opportunity & Operations
“Emerging markets provide a significant opportunity for growth in the coming decades. With young populations, open economies, and increasing regional and global reliance on sources of power and energy, business opportunities in the oil & gas sectors and related ancillary services are plenty”.
The growing commitment amongst major international Oil & Gas companies towards the East African region, revel this region as the new hot zone for oil and natural gas exploration. Mozambique and Tanzania have been pinpointed as the two most promising countries to promote growth in the East African oil and gas sectors.
- " Tanzania, Mozambique, Kenya, Uganda and Somalia are all vying to be the next producing hydrocarbon nation in Africa "
Oil Review Africa
- " The Indonesian oil & gas industry makes a huge contribution to the Indonesian economy and investor interest in exploration and production in Indonesia remains high, with significant increases in new Production Sharing Contracts "
The World Bank
- " Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural gas discoveries in a generation World Bank Favors Fossil Fuel Projects in Developing Countries "
- " Mozambique has some 85 trillion cubic feet of gas reserves, enough to supply Germany, Britain, France and Italy for nearly two decades "