Seeking Alpha

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

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.
Comments (3)
  • What is wrong with investing in a few North American energy companies instead of oil properties on a corrupt continent like Africa???? WLL,NOG,KOG,OAS,CLR, come to mind.
    17 Dec 2012, 03:50 PM Reply Like
  • This is why oil and gas..and PM´s for that matter will cost more in the future..they will either be taken over...or taxed...fee´d to death..
    17 Dec 2012, 03:52 PM Reply Like
  • Anti- colonialism is still at work in Africa. Wealthy countries will pay their dues and Obama is helping them.

     

    Written by Ted, an engineer/entrepreneur who created thousands of jobs and many successful start-up companies ... and is still at work creating new companies in spite of Obama's declaration that we did not do it, the infrastructure did.
    18 Dec 2012, 08:27 AM Reply Like
DJIA (DIA) S&P 500 (SPY)