Tag: US okays $1.5bln insurance for Mozambique gas project

Insurance

US okays $1.5bln insurance for Mozambique gas project

The US has set aside US$1.5 billion for political risk insurance in the gas-rich northern Mozambique region ravaged by an Islamist insurgency for the past three years, its Maputo embassy said Thursday. The International Development Finance Corporation (DFC) has “agreed to provide up to $1.5 billion in political risk insurance […]