ADNOC Will Buy 10% of Galp’s Shares in the Zone 4 Concession in Mozambique
Abu Dhabi’s national oil company ADNOC has agreed to acquire a 10% stake in Portugal’s Galp Energia’s Zone 4 concession in the gas-rich Rovuma Basin in Mozambique. The Zone 4 concession is located offshore Cabo Delgado Province in northern Mozambique and is managed by Mozambique Rovuma Venture (70%), owned by …