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Three Key Events In The Global Oil Patch

Three Key Events In The Global Oil Patch

While COVID-19 continues to dominate…

Mozambique, South Korea to Construct Solar Power Stations

The Mozambican and South Korean governments have signed two loan agreements totaling $60 million to underwrite both the establishment of an Emergency Information Management System and the building of three photovoltaic solar power stations.
 
Mozambican Minister of Finance Manuel Chang and the Export-Import Bank of South Korea vice-president Sang Wan Byun signed the accords in the Mozambican capital Maputo.
 
Under the terms of the agreement, $35 million will be used to finance the construction of solar power stations in Muembe, Mecula and Mavago districts in Mozambique’s northern Niassa province.

The $25 million Emergency Information Management System is designed to improve the communications systems of the Mozambican police, fire brigade and emergency medical services and initially will be implemented in Maputo and the neighboring city of Matola, Maputo’s Agencia Informacao Mocambique reported.
 
In March South Korea signed a cooperation agreement for the management of urban solid waste and waste water with Mozambique’s Ministry for the Coordination of Environmental Action. The agreement, underwritten with $500,000 from the South Korean Ministry of the Environment, covered Beira and Dondo municipalities in Sofala province, Quelimane in Zambezia; Nampula and Nacala in Nampula; and Pemba in Cabo Delgado.

By. Joao Peixe, Deputy Editor OilPrice.com



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  • Fenddy on October 05 2012 said:
    One word to describe the Obama enregy policy-dumbass. Libya is not the reason the oil prices are going up; Pres Obama is. No other country in the world would be stupid enough not to use its own natural resource. This left wing looney progressive socialistic flavored adminstration has made this country more dependant on overseas oil. We have shut down the gulf drilling, left thousands unemployed, we shut down drilling everywhere for his stupid golly gee' dreams of future' green' jobs. Damn.

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