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.
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.
Did Zimbabwe find oil in Muzarabani?
President Emmerson Mnangagwa announced that Zimbabwe had discovered and confirmed it had oil in the Muzarabani area.
Why should Zimbabwe invest in oil & gas?
Discovery of oil/gas means huge benefits for Zimbabwe’s stuttering economy, including energy self-reliance, production of petro-chemicals, Liquified Natural Gas (LNG), fertliser, increased exports and fiscal revenue among others.