Zimbabwe’s Deputy Minister of Mines and Mining Development, Eng. Caleb Makwiranzou, has stressed the need for partnerships in oil and gas extraction and production. The government is finalizing Production and Profit Sharing Agreements (PPSAs) for the Muzarabani Oil and Gas project, aiming to secure investment, expertise, and energy security for the nation.
Zimbabwe is advancing its ambitions to become an oil-producing nation, with Deputy Minister of Mines and Mining Development, Eng. Caleb Makwiranzou, highlighting the importance of forging partnerships for extraction and production. The government is in the final stages of negotiating Production and Profit Sharing Agreements (PPSAs) with contractors for the Muzarabani Oil and Gas project, operated by Invictus Energy.
Makwiranzou emphasized that collaboration with international energy firms is crucial to bring in technical expertise and financial resources. These partnerships will not only unlock hydrocarbon reserves but also support gas-to-power initiatives, helping Zimbabwe address persistent electricity shortages. The Cabora Bassa basin, alongside Muzarabani, is seen as a cornerstone of the country’s energy future.
Key Highlights
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Deputy Minister Eng. Caleb Makwiranzou calls for partnerships in oil and gas extraction and production.
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Government close to finalizing PPSAs for the Muzarabani Oil and Gas project.
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Partnerships expected to deliver investment, expertise, and long-term revenue streams.
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Invictus Energy plays a key role in exploration and development.
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Gas-to-power projects to strengthen Zimbabwe’s energy security.
Sources: Zim Now, Youth Village Zimbabwe