Chapo reiterates openness to dialogue with Galp against the fiscal dispute
In the area of labour mobility, the President advanced that about 1,500 Mozambicans have already followed to Portugal under the labor migration agreement, through
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Summary
In the area of labour mobility, the President advanced that about 1,500 Mozambicans have already followed Portugal under the Labour Migration Agreement, through the National Employment Institute and private agencies. On 11 July, Lusa reported that Galp advanced to international arbitration at ICSID, a World Bank Group body specializing in resolving disputes between investors and states, contesting the tax treatment applied to the sale of its 10% stake in Area 4 of the Rovuma Basin to the state oil company of the United Arab Emirates DNAOC. The Mozambican Tax Authority claims about $155.9 million in taxes on the operation.
Furthermore, Daniel Chapo revealed that the Government intends to negotiate with Portugal a specific agreement to facilitate the hiring of Mozambican professionals for the security sector, after concerns expressed by the Mozambican community resident in this country. While there are grounds for convincing the Mozambican Government that there is no reason for this dispute, we believe that it is possible for us to continue to dialogue while running this process that Galp has the right to run at the level of the Arbitral Court," he said. Galp being an institution that has this right to take this dispute to the Arbitral Court, we must respect that decision and wait," said the Mozambican President.
In addition, The Mozambican President said today that the Government remains available to dialogue with Galp, although the Portuguese oil company has resorted to international arbitration in the tax dispute over Area 4 of Rovuma.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
In the area of labour mobility, the President advanced that about 1,500 Mozambicans have already followed Portugal under the Labour Migration Agreement, through the National Employment Institute and private agencies.
reliability low1/3 sourcesOn 11 July, Lusa reported that Galp advanced to international arbitration at ICSID, a World Bank Group body specializing in resolving disputes between investors and states, contesting the tax treatment applied to the sale of its 10% stake in Area 4 of the Rovuma Basin to the state oil company of the United Arab Emirates DNAOC.
reliability low1/3 sourcesThe Mozambican Tax Authority claims about $155.9 million in taxes on the operation.
reliability low1/3 sourcesDaniel Chapo revealed that the Government intends to negotiate with Portugal a specific agreement to facilitate the hiring of Mozambican professionals for the security sector, after concerns expressed by the Mozambican community resident in this country.
reliability low1/3 sourcesWhile there are grounds for convincing the Mozambican Government that there is no reason for this dispute, we believe that it is possible for us to continue to dialogue while running this process that Galp has the right to run at the level of the Arbitral Court," he said.
reliability low1/3 sourcesGalp being an institution that has this right to take this dispute to the Arbitral Court, we must respect that decision and wait," said the Mozambican President.
reliability low1/3 sources
Reported detailssecondary facts, each attributed to its source
The Mozambican President said today that the Government remains available to dialogue with Galp, although the Portuguese oil company has resorted to international arbitration in the tax dispute over Area 4 of Rovuma.
according to Jornal Económico
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