Latest / Mozambique News Today | 2 Min News | The Daily News Now!
CMH Faces Decline, Seeks New Future | Mozambique News
Mozambique’s state-owned oil giant CMH is facing a critical inflection point as its aging natural gas fields in Inhambane, Pande, and Temane near the end of their investment cycle, threatening revenue and stability. With net profits down 20%, revenue falling, and joint venture operating profits plunging 23% due to low global prices and reduced sales, CMH must pivot fast. Production has dropped sharply—gas sales down 15%, condensate too—and operational woes like plant issues, well problems, and flooding are compounding the strain. The chairman’s message is clear: diversify now or risk…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.