AGP Executive Report
Last update: 6 hours agoMozambique LNG & subsea build-out: SLB OneSubsea has won a contract from ExxonMobil Moçambique for subsea production systems for the first phase of the Rovuma LNG project in Mozambique’s Area 4, covering subsea trees, manifolds, umbilicals and control systems plus engineering, procurement, manufacturing and installation, with plans for a Mozambique service base to support training and local supply chains. Tax policy shift: Mozambique’s Council of Ministers approved amendments to Corporate Income Tax, VAT and Personal Income Tax rules under PESOE-2027, aiming to improve tax administration, broaden the base and add clarity for areas including the digital economy, alongside a new Simplified Tax for Small Taxpayers regulation. Fuel logistics expansion: Oceania Bunkering Mozambique says it will launch ship-to-ship bunkering at Beira Anchorage in October, starting with LSMGO and later adding other fuel grades, supported by a 2,500-mt bunker barge and backed by Mozambican state entities Petromoc and CFM Logistics. Regional energy context: While not Mozambique-specific, Dangote’s $16bn Lamu refinery push in Kenya underlines the wider push for regional fuel self-sufficiency and industrial jobs across the Mozambique Channel corridor.
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