Total Withdraws All Staff From Gas Project In Mozambique After Attack

Cat:

Related stories

Oil Prices Dip as OPEC+ Boosts Supply

Crude oil prices fell at the start of...

Ranked: The Biggest Currency Drops So Far in 2025

Key Takeaways The Venezuelan bolívar has fallen the most...

Our Officers Deployed To Maintain Order Not To Prevent PDP NEC Meeting — Police

By Kolawole Ojebisi The Federal Capital Territory Police Command has...

Don’t Let Ganduje’s Resignation Divide Us, Dalori Appeals To APC NWC Members, Others

By Kolawole Ojebisi Acting National Chairman of the ruling All...

APC To Hold NEC Meeting On July 24

By Kolawole Ojebisi The ruling All Progressives Congress, (APC) has...

The French energy company Total on Monday announced it would completely withdraw its employees from a multibillion-dollar liquefied natural gas project in Mozambique in view of the tense security situation.

According to earlier reports, about 1,000 employees are directly affected, but Total did not give a number.

Agostinho Vuma, the president of Mozambique’s business association earlier estimated the total damage to the economy by the looming production stop at around 90 million dollars.

According to his preliminary estimates, about 410 companies involved in the gas production project in Cabo Delgado from suppliers to security services to lodge owners will have to shut down their operations.

Around 56,000 people would become unemployed as a result.

Mozambique’s government confirmed the indefinite halt of the project as well as the cancellation of numerous contracts with supplier companies.

The town of Palma in the north of the south-east African country was attacked by Islamist rebels on March 24. Total is involved in an over-20-billion-dollar liquefied natural gas project in the region.

In view of the circumstances, Total is now using the legal term “force majeure,” which refers to unforeseeable circumstances that prevent a party from fulfilling a contract.

The company hopes that the country’s government and international partners would succeed in restoring security, according to a statement.

If the uncertainty in the region persists, however, further lay-offs are to be expected, it said.

The planned gas extraction was linked to high hopes in Mozambique for a sustainable development boost.

The United Nations World Food Programme (WFP) has already warned of a worsening crisis in the conflict province of Cabo Delgado.

Thousands of people are fleeing due to the recurring violence and almost one million people are currently affected by severe hunger. Some 50,000 people have fled after the attack in Palma.

(dpa/nan)
(dpa/nan)
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Oil Prices Dip as OPEC+ Boosts SupplyRanked: The Biggest Currency Drops So Far in 2025Our Officers Deployed To Maintain Order Not To Prevent PDP NEC Meeting -- PoliceDon't Let Ganduje's Resignation Divide Us, Dalori Appeals To APC NWC Members, OthersAPC To Hold NEC Meeting On July 24Bode George Warns Tinubu, Decries Police Occupation Of PDP SecretariatClosing Ogoni wounds, opening old onesMy CFR National Honours Award, By Col Abubakar D. Umar (Retd)Chaos Escalate As PDP Shifts BoT Meeting to New Venue Amid Police Siege at Party SecretariatPDP Crisis Deepens As 11 NWC Members Ignore Damagum, Hold NEC MeetingNEC Meeting: Tension Mounts As Police Take Over PDP Secretariat In Abuja2027: Peter Obi Declares Readiness for One-Term Presidency in Atiku, El-Rufai-Led CoalitionShun Sycophants In Your Government, Col Umar Tells TinubuCourt Adjourns Natasha's Trial Till September 22, Grants Senator Bail On Self-RecognitionNEC Meeting: PDP Raises Alarm, Accuses APC of Taking Over Secretariat with Police
X whatsapp