Mozambique cb worried over oil dependence

The governor of the central bank of Mozambique, Ernesto Gove, said Wednesday 20 December in Maputo that he was "concerned with Mozambique's total dependence," on imported oil.

Gove was speaking about the development of the Mozambican economy this year and the prospects for 2007 and noted that the country applied half of its exports to buying liquid fuels.

According to Gove, until September of this year the fuel bill paid by the Mozambican state was of around US$300 million, against US$218 million

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