The investment climate in Mozambique, one of the hottest emerging oil and gas producers, may...

|By:, SA News Editor

The investment climate in Mozambique, one of the hottest emerging oil and gas producers, may have cooled just a bit after the country says it will apply a 32% tax on future sales of local oil and gas assets by foreign companies. Oil majors including Anadarko (APC) and Eni (E) would be affected if they proceed to sell parts of their interest in gas blocks in the offshore Rovuma basin.