(MENAFN) Italian energy firm ENI will pay Mozambique's government USD350mn in capital tax after selling part of its share in a gas field to Exxon Mobil.
Moreover, the sale concerns Area 4 of the Rovuma basin gas field, the southern African nation's Tax Authority (AT) proclaimed.
Additionally, the amount shows 32 percent of the USD2.8bn deal between ENI and Exxon Mobil for a 25 percent share in Mozambique's offshore gas field.
Meanwhile, the capital gains tax to be paid by ENI is seen as a relief for Mozambique's budget which has been affected by donors' decision to halt foreign aid.
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