Moz oil refineries on the cards

THERE COULD two oil refineries operating in Mozambique by the middle of the next decade if all goes according to plan. One will be based at Nacala in the north of the country, and the second in the district of Matutuine in the far south. According to the Mozambican news agency AIM, the southern refinery is a project of Oilmoz, which recently signed a Memorandum of Understanding with PriceWaterhouse Coopers (PWC), which will undertake a feasibility study. The total capacity of the refinery is expected to be 350 000 barrels a day, and it will cost in the region of US$8-billion to build.