Petrobras signs oil cooperation agreement in Mozambique
Petrobras announced on Wednesday (Sep. 23) that it had signed a memorandum of understanding for strategic cooperation in the oil and gas sector in Mozambique , a country on the southeast coast of Africa. The agreement was signed with the National Hydrocarbons Company (ENH), the Mozambican government’s commercial arm for oil and gas exploration, production, processing, marketing, and distribution.…
Brazilian oil giant Petrobras has signed a memorandum of understanding with Mozambique's National Hydrocarbons Company, aiming to foster strategic cooperation in the oil and gas sector. The agreement, valid for two years and potentially renewable, outlines joint efforts in research, evaluation, development, and marketing, as well as the exchange of technical knowledge.
Mozambique, a country with a population of approximately 30 million, is a former Portuguese colony with a strong linguistic bond to Brazil. The nation is known for its significant liquefied natural gas (LNG) production, with foreign companies like TotalEnergies, ExxonMobil, CNOOC, CNPC, Eni, Galp, and Sasol already active in the market.
This latest partnership from Petrobras is part of its ongoing expansion in Africa. The company currently operates in Ivory Coast, Namibia, São Tomé and Príncipe, and South Africa, having resumed African operations in August 2026 by negotiating exploration blocks in Ghana. This move represents a return to the continent, where Petrobras previously operated in countries such as Nigeria, Tanzania, Angola, Benin, Gabon, and Namibia, though those interests were later divested.
In addition to Brazil and Africa, Petrobras maintains operations in Argentina, Bolivia, Colombia, and the United States, solidifying its position as a major player in the global oil and gas industry.
Written by urgent.news from Agencia Brasil's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
