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.
Can Muzarabani oil & gas be a key asset for Zimbabwe?
The Muzarabani oil and gas project represents huge potential to become a key asset for Zimbabwe, project developer Invictus Energy managing director Scott MacMillan has said. Citing changing market conditions and improvements to local regulations, Invictus is confident that it can make the prospect viable in an energy deficient region.
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.
How much does a fuel pipeline cost in Zimbabwe?
Zimbabwe’s National Oil Infrastructure Company (NOIC) and UK-based Coven Energy have signed a joint venture agreement to build a $1.3bn fuel pipeline. The project is planned to be built in phases over a period of four years. The first phase of the project is expected to receive capital injection of $850m, according to Business Times.