Mozambique
Foothold for Indian Firms
Two private Indian groups which have been seeking for some years to plant their flags in Africa have acquired a stake in a block operated by Anadarko.
Anadarko was an oil and gas exploration company based in Texas and one of America’s most active oil companies in Africa. It was a pioneer in the nascent Mozambican oil industry, before making way for the major oil companies, as they alone had the requisite financial resources to develop the oilfields in the country's offshore. It was taken over by Occidental Petroleum in 2019.