Total's African gas dream revived after Palma emerges from conflict
After enduring a devastating attack by rebels linked with Islamic State, the town of Palma in Mozambique is slowly rebuilding itself.
Source: biznews.com
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Disaster for Companies as Mozambique Gas Boom Swiftly Turns Bust
Apr 21 2021, 4:11 PM April 21 2021, 10:30 AM April 21 2021, 4:11 PM (Bloomberg) -- (Bloomberg) -- Mozambican businesses looking to cash in on Africaâs biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Total SEâs $20 billion natural gas export project. The French oil major has begun terminating business with at least some contractors working at the project site in Palma in northeastern Mozambique, according to letters seen by Bloomberg. Total declined to comment. Hours after Total announced on March 24 it was returni...
Source: bloombergquint.com