The switch, while potentially risky, could yield significant benefits to the southern African country, IMF officials argue.
Lusofonia
The expected growth is part of an overall rise in extractive industry production in the southern African nation.
New data reveals China continues to be the primary destination for oil from the southern African nation.
Plunging water levels expose pre-colonial engravings on the rocks along the Amazon River, near the confluence of the Rio Negro.
Brazil maintains its position as China’s top trade partner among the Portuguese-speaking countries.
The long-time partnership could help fuel a revitalised green industrial sector in the South American nation.
As part of his visit to Beijing, Adriano Maleiane met with President Xi Jinping and potential investors in large infrastructural projects in Mozambique.
The long-delayed Lobito oil refinery is expected to process around 200,000 barrels a day once completed in 2026.
The exhibition was launched at a special ceremony last week, attended by Chief Executive Ho Iat Seng and other top officials.