Chevron [NYSE: CVX], Exxon Mobil [NYSE: XOM], and Royal Dutch Shell [NYSE: RDS] are the latest major international oil companies to seek access to exploration and development opportunities off the coast of Mozambique, attracted by discoveries of natural gas reserves worth around $800 billion discovered by Anadarko [NYSE: APC] and Eni [NYSE: E] last year. The country is an attractive target for major energy companies due to its vast undeveloped oil, gas, and coal resources and proximity to Asian and European markets.

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