Mário Caetano João points to African republic’s 60 million hectares of arable land, and potential tariff deal with China.
Lusofonia
World Bank promises US$400 million funding, Maputo appeals to China for additional assistance to shore up vital artery.
Project cost and completion date not revealed; result of environmental impact study still awaited.
Russia remains China’s top oil supplier, shipping 7.15 million tons in July, and 48.5 million tons since January.
Trends generally up, however Chinese imports from Portuguese-speaking countries down slightly to US$13 billion.
Strengthening of military equipment and technical cooperation in Mozambique part of plan to ‘strengthen solidarity and coordination’ between the two countries.
First exports come just as world prices are at historic high following Russia’s invasion of Ukraine.
Portuguese-owned factory will be able to extract more than 10,000 tonnes of oil annually, making up for shortage caused by war in Ukraine.
Vast wealth of Greater Sunrise undersea fields, estimated at US$71 billion, vital to financial future of impoverished island nation.