VZCZCXRO8960
RR RUEHBZ RUEHDU RUEHJO RUEHMR RUEHRN
DE RUEHTO #0069/01 0161654
ZNR UUUUU ZZH
R 161654Z JAN 07
FM AMEMBASSY MAPUTO
TO RUEHC/SECSTATE WASHDC 6684
INFO RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC
RUCPCIM/CIMS NTDB WASHDC
RUEHLMC/MILLENNIUM CHALLENGE CORP WASHINGTON DC
RUCNSAD/SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

UNCLAS SECTION 01 OF 08 MAPUTO 000069 
 
SIPDIS 
 
SIPDIS 
 
AF/S FOR HTREGER 
EB/IFD/OIA J. NATHANIEL HATCHER 
EB/IFD/OIA AKAMBARA 
MCC FOR SGAULL 
 
 
E.O. 12958: N/A 
TAGS: EAGR EAID ECON ELAB EINV ETRD EFIN KTDB USTR
OPIC, PGOV, MZ 
SUBJECT: Mozambique - 2007 Investment Climate Statement 
 
MAPUTO 00000069  001.2 OF 008 
 
 
¶1. The following is Mozambique's 2007 Investment Climate 
Statement. 
 
------------------------------ 
Openness to Foreign Investment 
------------------------------ 
 
¶2. Mozambique encourages foreign direct investment.  CPI, 
the government's Investment Promotion Center, seeks to bring 
investors to Mozambique and should be a potential investor's 
primary contact with the government.  CPI is particularly 
interested in increasing investment in the central and 
northern regions of the country in order to address large 
regional development imbalances. 
 
Contact information for the Investment Promotion Center 
(CPI) is as follows: 
 
Investment Promotion Center (CPI) 
Mahomed Rafique Jusob, Director 
Rua da Imprensa, 332 (ground Floor) 
Caixa Postal 4635, Maputo 
Tel: (258) (21) 313310 or (21) 313375 
Fax: (258) (21) 313325 
Internet:  http://www.mozbusiness.gov.mz or www.cpi.co.mz 
 
¶3. Mozambique's Law on Investment, No. 3/93, dated June 24, 
1993, and its related regulations govern foreign investment. 
Additional amendments were passed over the next two years: 
Decree No. 14/93 on July 21, 1993 and decree No. 36/95 on 
August 8, 1995.  The law and amendments generally do not 
make distinctions based upon investor origin, nor do they 
limit foreign ownership or control of companies.  The 
lengthy registration procedures can be problematic for any 
investor - national or foreign - but those unfamiliar with 
Mozambique and the Portuguese language face greater 
challenges.  Working with a local consulting firm or partner 
familiar with the requirements will facilitate the 
registration process.  CPI assists both local and foreign 
investors in obtaining licenses and permits.  However, in 
general, large investors receive much more support from the 
government in the business registration process than small 
and medium-sized investors, who often must endure lengthy, 
overly bureaucratic delays. 
 
¶4. The "Doing Business in 2006" (which covers 2005) report 
by the World Bank identifies Mozambique as one of the most 
difficult countries to start a business, ranking Mozambique 
140 out of 175 nations reviewed.  Entrepreneurs can expect 
numerous bureaucratic hurdles that must be overcome 
sequentially to launch a business.  In 2006 the average time 
to open a business was 113 days, although some within the 
business community feel that the process in reality might be 
moving slightly faster.  The government, working with 
donors, hopes to shorten this period considerably in coming 
years. 
 
¶5. To date Mozambique's privatization program has been 
relatively transparent, with open and competitive tendering 
procedures in which both foreign and domestic investors have 
participated.  Most remaining parastatals are in public 
utilities, making their privatization more politically 
sensitive.  While the government has indicated an intention 
to take on partners in most of these utility industries, 
progress on privatization has been slow. 
 
¶6. Government authorities must approve all foreign and 
domestic investment.  Currently CPI handles the approval 
process for both foreign and domestic investors.  The final 
approval is granted by the following government entities: 1) 
The Provincial Governor for domestic investment up to USD 
100,000; 2) The Minister of Planning and Development for 
domestic investment exceeding USD 100,000 and foreign 
investment up to USD 100 million; and 3) The Council of 
Ministers for any investment project exceeding USD 100 
million and those involving large tracts of land (5,000 
hectares for agricultural investment and 10,000 hectares for 
livestock and forestry projects). 
 
-------------------------------- 
Conversion and Transfer Policies 
-------------------------------- 
 
MAPUTO 00000069  002.2 OF 008 
 
 
 
¶7. Foreign exchange retention accounts are permitted for 100 
percent of foreign exchange earnings without formal 
justification.  These may be used to purchase imports. 
Investment registration and repatriation procedures must be 
followed to repay foreign loans and for the repatriation of 
invested capital, profits and dividends.  Delays are 
uncommon beyond those typical for administrative processing 
in a developing country. 
 
------------------------------ 
Expropriation and Compensation 
------------------------------ 
 
¶8. Private property was nationalized throughout Mozambique 
in 1975 following independence from Portuguese colonial 
rule.  After Mozambique's turn away from socialism in the 
1980s, citizens had a period of time to reclaim residential 
property.  The government retained commercial property, but 
later sold it off as part of its privatization efforts.  All 
but a handful of religious properties that were nationalized 
have been returned; negotiations are ongoing for the 
remaining few.  It is worth noting, however, that there is 
no private ownership of land in Mozambique; all land is 
owned by the state. 
 
¶9. While there have been no significant cases of 
nationalization since the adoption of the 1990 Constitution, 
Mozambican law holds that "[w]hen deemed absolutely 
necessary for weighty reasons of national interest or public 
heath and order, the nationalization or expropriation of 
goods and rights.shall (result in the owner being) entitled 
to just and equitable compensation." 
 
------------------ 
Dispute Settlement 
------------------ 
 
¶10. In December 2005 the National Assembly approved major 
revisions to the commercial code - the result of a 
collaborative effort starting in 1998 between the Mozambican 
government, the private sector and donors.  The previous 
commercial code was from the colonial period, with clauses 
dating back to the 19th century, and did not provide an 
effective basis for modern commerce or resolution of 
commercial disputes.  The revised code is generally viewed 
as a very positive development.  The new Commercial Code 
went into effect July 1, 2006. 
 
¶11. To date the judicial system has been largely ineffective 
in resolving commercial disputes.  Instead most disputes 
among Mozambican parties are either settled privately or not 
at all.  The business community is still so small that a 
commercial dispute or accusation of illegal activity can 
seriously damage one's reputation. 
 
¶12. In February 1999 the National Assembly passed 
alternative dispute resolution (ADR) legislation, which went 
into effect that same year. The Center for Commercial 
Arbitration, Conciliation and Mediation (CACM), which is 
supported by USAID, offers commercial arbitration.  CACM has 
two locations - one in Maputo and a second in the northern 
city of Nampula.  CACM does not, however, deal directly with 
labor issues.  For disputes between international and 
domestic companies, the law closely follows UNCITRAL, the 
United Nations Commission of International Trade Law.  For 
domestic arbitration, the law is formulated to cover a wide 
range of potential disputes, including non-commercial 
issues.  Mozambique acceded in mid-1998 to the New York 
Convention on the Recognition and Enforcement of Foreign 
Arbitral Awards.  For disputes between American and 
Mozambican companies where a violation of the nations' 
Bilateral Investment Treaty (BIT) is alleged, recourse via 
international ADR under the BIT may also be available. 
Investors who feel they have a dispute covered under the BIT 
should contact the US Embassy Economic Section. 
 
--------------------------------------- 
Performance Requirements and Incentives 
--------------------------------------- 
 
¶13. Mozambique is generally in compliance with WTO Trade- 
 
MAPUTO 00000069  003.2 OF 008 
 
 
Related Investment Measures (TRIM) obligations.  A variety 
of tax incentives exist to encourage direct foreign 
investment, which vary according to the region of the 
country and the nature of the investment but often include a 
50 to 80 percent reduction in taxes.  Customs exemptions are 
possible for the importation of capital equipment and raw 
materials.  To qualify, a minimum investment of USD 50,000 
and pre-approval from CPI are required.  The government 
grants special fiscal, labor and immigration arrangements to 
companies operating in designated Rapid Development Zones. 
Rapid Development Zones include the whole of Niassa 
Province, Nacala District, Ilha de Mocambique, Ibo Island 
and the Zambezi river valley.  Investments in these zones 
are exempt from import duties on certain goods, from real 
property transfer tax and are granted an investment tax 
credit equal to 20% of the total investment (with a right to 
carry forward for five years).  There are also incentives 
for companies in industrial free zones (see page 10). 
 
¶14. Specific performance requirements are built into mining 
concessions and management contracts, and sometimes into the 
sale contracts of privatized entities.  Investments 
involving partnerships with the government usually include 
milestones that must be met for the investor's project to 
continue. 
 
¶15. Note:  The process of obtaining a visa and related work 
permits in Mozambique is lengthy and overly bureaucratic. 
The Ministry of Labor must approve the employment of 
foreigners.  The Ministry of Interior's immigration 
department issues a DIRE (a work permit/identification card) 
once the Ministry approves the application.  Assistance 
through a local lawyer, consulting firm or an individual 
familiar with the process will facilitate obtaining 
necessary work permits. 
 
-------------------------------------------- 
Right to Private Ownership and Establishment 
-------------------------------------------- 
 
¶16. The legal system recognizes and protects property rights 
to building and movable property.  Private ownership of 
land, however, is not allowed in Mozambique.  Instead the 
government grants land-use concessions for periods of up to 
50 years, with options to renew.  The government at times 
has granted overlapping land concessions.  Essentially, land- 
use concessions serve as proxies for land titles; however, 
they are not allowed to be used as collateral.  Land surveys 
are being carried out throughout the country to enable 
individuals to register their land concessions.  This 
process is moving slowly and will not provide any real legal 
protection to investors for some time to come.  The 
Mozambican banking community uses property other than land, 
such as cars and private houses, as collateral. 
 
----------------------------- 
Protection of Property Rights 
----------------------------- 
 
¶17. The inefficient nature of the Mozambican judicial system 
makes protection of property rights extremely problematic. 
Pirated copies of audio, videotapes, DVDs and other goods 
are sold in Mozambique.  Intellectual property right 
infringement is not a significant problem for US companies, 
however, due to the small size of the local market. 
 
¶18. The National Assembly passed a copyright and related 
rights bill in 2000.  This bill, combined with the 1999 
Industrial Property Act, brought Mozambique into compliance 
with the WTO agreement on the Trade Related Aspects of 
Intellectual Property Rights (TRIPS).  The law guarantees 
the security and legal protection of industrial property 
rights, copyrights and other related rights. 
 
¶19. Over the last two years private sector organizations 
have been working together with various government entities 
on an IPR task force team in an effort to combat 
intellectual property right infringement and related public 
safety issues.  The task force has successfully acted on IPR 
infringement issues, highlighting a successful 
private/public partnership. 
 
 
MAPUTO 00000069  004.2 OF 008 
 
 
--------------------------------- 
Transparency of Regulatory System 
--------------------------------- 
 
¶20. Investors face a myriad of requirements for permits, 
approvals and clearances, all of which take a significant 
amount of time and effort to obtain.  The difficulty of 
navigating the system creates space for corruption, and 
bribes are often requested or offered to facilitate 
transactions. 
 
¶21. Regulations in the areas of labor, health and safety and 
the environment are routinely not enforced, or are enforced 
randomly to generate revenue from fines.  In addition, civil 
servants have at times threatened to enforce antiquated 
regulations that remain on the books to obtain favors or 
bribes. 
 
¶22. The government is aware of the problems and has launched 
a donor-funded effort to streamline procedures.  The new 
Commercial Code that went into effect July 1, 2006, is seen 
as a step forward in combating many of these issues. 
 
--------------------------------------------- ----- 
Efficient Capital Markets and Portfolio Investment 
--------------------------------------------- ----- 
 
¶23. Mozambique has a small capital market of eleven 
commercial banks, of which four dominate the market.  The 
banks compete for important clients and deposits.  Access to 
credit for the private sector remains difficult and 
expensive - interest rates for loans generally fall between 
17 and 22 percent per year.  Access to capital in the rural 
areas is constrained by the fact that land leases cannot 
serve as collateral.  Various entities, such as the Aga Khan 
Foundation and Novo Banco, offer micro-credit financing 
programs to partially fill this need. 
The Mozambican Stock Exchange, founded in October 1999, was 
started with less than USD 5 million in capitalization. 
Today its capitalization is over USD 200 million. 
 
------------------ 
Political Violence 
------------------ 
 
¶24. There were few incidents of localized violence in the 
run-up to the 2004 general elections. In May 2004 many 
opposition parties and the ruling FRELIMO party subscribed 
to an electoral code of conduct, which was generally upheld 
during the campaign and the elections.  However supporters 
of the opposition party RENAMO complained of intimidation 
and arbitrary arrests during the December 2004 voting. 
 
¶25. Political violence erupted in September 2005 in Mocimboa 
da Praia, a small coastal town in the far north, over the 
special election there to replace the former mayor, who died 
in office.  At least 8 persons were killed and nearly 50 
injured in clashes between FRELIMO and RENAMO supporters. 
However the flare-up apparently was an isolated event; it 
did not provoke demonstrations or violence elsewhere. 
 
¶26. Labor unions are becoming less vocal, and lack the 
financial and institutional capacity to be very effective. 
Protests rarely turn violent.  As in many capital cities, 
crime is problematic in Maputo, where carjackings, muggings 
and breaking/entry into homes are commonplace.   While such 
acts have been on the rise over the past few years, they 
have not reached the same proportions as in neighboring 
South Africa. 
 
---------- 
Corruption 
---------- 
 
¶27. Corruption is a serious problem in Mozambique.  Bribe- 
seeking activity by officials is common.  Senior officials 
often have conflicts of interest between their public roles 
and their private business interests.  Bribery is considered 
a criminal offense in Mozambique, and political declarations 
have been repeatedly issued denouncing corrupt practices and 
promising actions against the guilty.  Despite this, such 
actions have been extremely slow in coming.  Investigations 
 
MAPUTO 00000069  005.2 OF 008 
 
 
rarely result in convictions, unless the accused has 
relatively minor influence, and senior officials are seldom, 
if ever, investigated.  The media is relatively unafraid to 
report on corruption allegations, however. 
 
¶28. Over the past several years the United States has been 
one of the lead donor countries in providing assistance to 
the government to fight corruption.  With US resources, the 
government set up an Anti-Corruption Unit in the Office of 
the Attorney General (renamed in 2005 the Central Office for 
the Combat of Corruption).  This body is charged with 
investigating and prosecuting corruption-related crimes.  As 
one result of its reorganization in 2005, the office 
expanded in size by hiring more lawyers. 
 
¶29. In 2005 the government passed Decree 22/2005, which 
created provincial-level offices to combat corruption. 
Offices were opened in Beira and Nampula, and are in 
operation.  In 2006 documents authorizing the creation of 
two additional offices in Inhambane and Zambezia provinces, 
respectively, were submitted; offices will be opened once 
the Council of Ministers publishes its approval decree. 
There are plans to submit requests for an additional four 
provincial offices in 2007. 
 
¶30. The National Assembly passed an anti-corruption bill in 
2004 that updated previous antiquated legislation.  Civil 
society has become more vocal on corruption-related issues, 
with some support from the US government.  One NGO, Etica 
Mocambique, continues to be active in pressuring the 
government to act against corrupt practices.  Etica runs a 
civic education campaign to help citizens identify and 
protect themselves against corrupt officials or activities. 
 
¶31. Mozambique is a signatory to the Untied Nations 
Convention Against Corruption. 
 
------------------------------- 
Bilateral Investment Agreements 
------------------------------- 
 
¶32. In December 1998 Mozambique negotiated a Bilateral 
Investment Treat (BIT) with the US.  The U.S. Senate 
ratified the treaty in November 2000, followed by the 
Mozambican Council of Ministers in December 2004.  The US- 
Mozambique BIT came into effect on March 3, 2005.  In June 
2005 the US and Mozambique signed a Trade and Investment 
Framework Agreement (TIFA) that established a Trade and 
Investment Council to discuss bilateral and multilateral 
trade and investment issues.  The Council held its first 
meeting in October of 2006.  The BIT is in addition to the 
OPIC agreement signed by Mozambique in 1999 and ratified in 
¶2000. 
 
¶33. Mozambique has also signed bilateral investment 
agreements with the following nations (in chronological 
order by ratification date): Portugual (1998), Mauritius 
(1998), South Africa (1998), Zimbabwe (1999), Italy (2000), 
Algeria (2000), Egypt (2000), Indonesia (2000), China 
(2002), Sweden (2002), Cuba (2002), The Netherlands (2002), 
Germany (2002), France (2004), Switzerland (2004), the 
United Kingdom (2004) and Finland (2004).  Mozambique's 
agreement with Belgium, signed in 2006, has not yet been 
ratified. 
 
¶34. South Africa is Mozambique's biggest trading partner and 
the largest source of foreign investment.  Since 1995 
Mozambique has engaged in regular discussions with South 
Africa to harmonize trade regulations and facilitate cross- 
border trade and investment.  Other countries with 
significant investment in Mozambique include the United 
Kingdom, India and Portugal.  The United States is a 
relatively minor trading partner and has modest investments. 
 
-------------------------------------------- 
OPIC and Other Investment Insurance Programs 
-------------------------------------------- 
 
¶35. The Overseas Private Investment Corporation (OPIC) has 
provided financing to two ongoing projects in Mozambique - 
private investment in and management of transportation 
services along the Nacala corridor (port and railway) and 
 
MAPUTO 00000069  006.2 OF 008 
 
 
tourism development on the coast. 
 
¶36. Mozambique is a member of the Multilateral Investment 
Guarantee Agency (MIGA), part of the World Bank Group. 
 
----- 
Labor 
----- 
 
¶37. The estimated work force is approximately nine million, 
out of a total population of 19 million.  However only 
approximately 500,000 are formally employed.  In 2006 the 
government increased the country's minimum wage by 13% in 
the industry and services sectors and by 11.5% in the 
agriculture sector, making the new minimum wage for industry 
and services approximately USD 58 a month and the minimum 
wage for agricultural workers approximately USD 40 a month. 
These increases were slightly above reported inflation. 
This minimum wage applies only to those working in the 
formal sector; those working in the informal sector earn 
significantly less.  Many people work several jobs to make 
ends meet, and often grow corn and vegetables on a small 
plot of land for personal consumption.  Approximately 80% of 
the labor force works in agriculture, 6% in industry and 13% 
in services.  Current estimates place nationwide adult 
literacy levels at under 50%, with most of the literate 
Mozambicans living in urban centers. 
 
¶38. Labor unions created during the socialist years of the 
1970s and 1980s remain weak and are disengaging themselves 
from the ruling party, FRELIMO.  Total membership among 
Mozambique's fourteen unions is close to 200,000 persons. 
Labor unions are exerting pressure on the government to 
maintain extremely pro-worker provisions in new labor 
legislation currently under negotiation, although they are 
showing flexibility on major issues.  The minimum wage, 
decided every year, remains a major concern for the unions. 
Potential investors should be aware that severance payments 
and other benefits could be costly. 
 
¶39. A revision to the Labor Law was presented to the General 
Assembly in 2006.  However, the proposal was tabled without 
any action, and any Labor Law revision in the near future is 
uncertain.  The current law is archaic and complicated, 
making it essential to obtain reliable legal counsel on 
labor code requirements. 
 
------------------------------------- 
Foreign Trade Zones/ Free Trade Zones 
------------------------------------- 
 
¶40. The government issued Decree No. 61/99 on September 21, 
1999, establishing industrial free zones (export processing 
zones).  The decree set up an Industrial Free Zone Council, 
which approves companies as industrial free zone 
enterprises, thereby providing them customs and tax 
exemptions and benefits.  There are two essential 
requirements for Industrial Free Zone status:  job creation 
for Mozambican nationals and the exportation of at least 85% 
of annual production.  Industrial Free Zone developers enjoy 
an exemption from customs duties, VAT and tax on the 
importation of construction materials, machinery, equipment, 
accessories, accompanying spare parts and other goods 
destined for the establishment and operation of the 
Industrial Free Zone.  The processing of cashew nuts, fish 
and prawns are not acceptable industrial free zone 
activities.  Free zone concessions are granted for a 
renewable period of 50 years.  Mozambique's large export- 
oriented investment projects of recent years, such as MOZAL 
and SASOL, operate as industrial free zones.  There is no 
requirement for free zone companies to be located at 
specific sites. 
 
------------------------------------ 
Foreign Direct Investment Statistics 
------------------------------------ 
 
¶41. Historical Data: The government established the 
Investment Promotion Center (CPI) in 1985.  From January 1, 
1990 through December 31, 2006 CPI approved a total of 2,250 
projects (both foreign and national) involving over USD 3.76 
billion in foreign direct investment.  Some of these 
 
MAPUTO 00000069  007.2 OF 008 
 
 
approved projects turned out to be smaller than planned or 
not implemented at all, however.  Approved projects do not 
represent the actual FDI for any given year for this reason. 
 
¶42. In 2006 the top ten sources of foreign direct investment 
were South Africa, Mauritius, the United Kingdom, Ireland, 
Portugual, Malawi, the United States, India, Zimbabwe, and 
Germany. 
 
¶43. The following chart displays foreign direct investment 
approved by the CPI in Mozambique over the last 16 years. 
Most of the investment has been in the south, in and around 
the capital city, Maputo. 
 
Year  Projects  FDI (USD Millions) 
 
 
1990     31     20 
1991     25     21 
1992     27     77 
1993     29     46 
1994    123    136 
1995    166     60 
1996    270     97 
1997    184    558 
1998    209    207 
1999    235    101 
2000    179    230 
2001    129    528 
2002    128    559 
2003    112    122 
2004    105    122 
2005    139    165 
2006    157    162 
 
------------------------------- 
2006 Foreign Direct Investment: 
------------------------------- 
 
¶44. In 2006 CPI approved a total of 157 projects, with a FDI 
value of just over USD 162 million.  It is estimated that 
these approved projects, along with locally sourced direct 
investment projects, will create over 19,000 jobs.  Of this 
amount, U.S. FDI amounted to just over USD 2.6 million (for 
three projects).  The breakdown of all projects approved in 
2006 (foreign and national) by sector is as follows: 
 
 
Sector                      Projects    FDI (USD Millions) 
 
Industry                        34         17.4 
Mining/Energy                    3          7.4 
Agriculture and Agro-Industry   24         20.8 
Banking/Insurance                2          2.4 
Tourism/Hotels                  58         76.6 
Transport/Communications        10          6.7 
Construction                    10          3.4 
Aquaculture/Fishing              1          8.2 
Other                           15         19.4 
Total                          157        162.3 
 
 
¶45. The following chart shows 2006 CPI-approved foreign 
direct investment by province, as well as the estimated 
number of jobs that will be created by the all approved 
projects (foreign and national), when implemented. 
 
 
Province       Projects   FDI (USD Mil.)(Jobs) 
 
Maputo         59         99.4        12,103 
Gaza            8          3.6           180 
Nampula        10          1.2         1,083 
Sofala          9          1.3           484 
Zambezia        7          3.7           543 
Inhambane      39         17.5         1,112 
Cabo Delgado    6          7.1           235 
Manica         10          2.8           502 
Tete            8         15.7           630 
Niassa          1         10.0         2,500 
Total         157        162.0        19,372 
 
 
MAPUTO 00000069  008.2 OF 008 
 
 
 
-------------------------------------------- 
U.S. Foreign Direct Investment in Mozambique 
-------------------------------------------- 
 
¶46. Several U.S. companies have investments in Mozambique. 
In 1996 Seaboard Corporation (Kansas) purchased a state- 
owned flour mill in Beira through the country's 
privatization of the state firm, Mobeira.  The South African 
Bottling Company (SABCO), which is partly owned by Coca- 
Cola, owns Coca-Cola bottling plants in Maputo, Chimoio, and 
Nampula.  Another significant U.S. investor is Colgate- 
Palmolive.  In addition, in early 2005 U.S. firms Railroad 
Development Corporation (RDC) and Edlow Resources (ERL), 
together with a local firm, Manica Freight, won majority 
shareholder control of the Nacala Corridor Concession Group 
and assumed ownership and management of the Nacala port and 
railway network.  There is an American interest in Indian 
Ocean Aquaculture, a shrimp farm project in Cabo Delgado 
province. 
 
¶47. American Metals and Coal International has a 5% holding 
in a giant coal concession in Moatize, Tete province, with 
95% owned by the Brazilian firm Companhia Vale do Rio Doce. 
CVRD recently completed the financial and technical 
feasibility studies for the Moatize coal project and related 
thermal power plant, and has invested USD 80 million to 
date.  A final decision whether to proceed with the project 
is anticipated in 2007. 
 
¶48. In 2006 Anadarko Petroleum Company (Anadarko) won a 
tender to explore for oil and gas in the Rovuma basin off 
Mozambique's northernmost province, Cabo Delgado.  Anadarko 
signed its concession agreement with Mozambique in December 
¶2006. 
 
¶49. The U.S. Embassy in Maputo, Mozambique is able to 
provide a comprehensive list of U.S. investments in 
Mozambique upon request. 
 
Dudley