the dti TO PROMOTE SOUTH AFRICA’s SERVICING CAPABILITIES IN THE OIL AND GAS INDUSTRY TO MOZAMBIQUE

the dti TO PROMOTE SOUTH AFRICA’s SERVICING CAPABILITIES IN THE OIL AND GAS INDUSTRY TO MOZAMBIQUE

by BRIAN KAJENGO

 

The Department of Trade and Industry (the dti) will lead a delegation of companies on an Outward Investment Mission (OIM) to Pemba, Mozambique from Tuesday  24 – 28 February 2014.

 

The mission aims to promote South Africa as an attractive trade and investment destination in the servicing aspects of the oil and gas industry and to also promote the Saldanha Bay Industrial Development Zone (IDZ) as an oil and gas servicing hub.

 

The dti Director-General, Lionel October says that Mozambique has experienced recent success in oil and gas prospecting and it is reaching out to the international community to partner in the development of its upstream and midstream oil and gas sector.

 

“It is therefore an essential and opportune time for members of the South African Oil and Gas sector to visit Mozambique to develop business relations with their oil and gas industry counterparts and authorities. This mission will also make an ideal platform to showcase Saldanha Bay IDZ’s ability to service, maintain, repair and supply the increasing number of oil rigs requiring maintenance in the West and East Coast of Africa,” said October.

 

October adds that there remains an enormous exploration opportunity in the coastal and offshore areas on either side of the Mozambique Channel in South-East Africa, which includes promising discoveries in the East/Central African rift valley with an estimated 200 Trillion Cubic Feet of gas reserves in Mozambique alone.

 

The programme for the Outward Investment Mission will include business-to-business meetings, discussions with industry experts and business site visits to the Mozambican gas and oil companies.