Why is Zimbabwe excited about oil & gas prospect in Muzarabani?
Zimbabwean government is excited after a potential prospect of Oil and Gas was discovered in Muzarabani area. President Mnangagwa says once exploited it will make the nation energy self-sufficient, create employment, empower the growth of the economy and enable huge downstream benefits.
Did Zimbabwe find oil in Muzarabani?
President Emmerson Mnangagwa announced that Zimbabwe had discovered and confirmed it had oil in the Muzarabani area.
Is Zimbabwe’s Muzarabani oil and gas exploration a wildcat?
Zimbabwe’s Muzarabani oil and gas exploration project has made it to the list of this year’s Top Five oil and gas wildcat drilling compiled by leading global energy price, research and analysis site – OilPrice.com.
Is Zimbabwe’s oil & gas industry a good investment opportunity?
According to Mnangagwa, Zimbabwe’s oil and gas industry represented huge, unique and competitive investment opportunities given the significant potential for value chain linkages.
Will Zimbabwe be a producer of oil by March next year?
The Vice President assured the locals and Zimbabwe at large of the governements commitment to continue prioritizing increased production and productivity across all sectors of the economy. Winston Chitando the Mines and Mining Development Minister said Zimbabwe might be a producer of oil by March next year in the event of successful discovery.
Is commercial drilling possible in Zimbabwe?
Australian mining firm Invictus Energy, in partnership with the government, is to determine whether commercial drilling is feasible. An exploration well would be sunk by Invictus in Muzarabani district within two years, the president said. Zimbabwe is experiencing its worst economic crisis in a decade.