Browsing: PEDPA


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.

According to the president Oil and Gas industry represents huge, unique and competitive investment opportunities given the significant potential for value chain linkages.

“the prospect of oil discovery is exciting”, which will inevitably positively impact local communities and the national economy at large.”

“The project will undoubtedly impact the GDP of Mashonaland Central Province as well as Muzarabani and surrounding districts,” he said.

The President was Speaking this at State house where he was a guest of honor during the signing of the petroleum exploration development and production agreement (PEDPA) between the Government and Australian oil and gas exploration firm, Invictus Energy.

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