News
23 May 2024

ADNOC makes fourth gas foray abroad with Mozambique deal

In:
Oil & gas
Region:
Middle East & Africa

ADNOC has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas. Galp said it would receive around $650 million for its shares and shareholder loans, already net of capital gain...

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