Gas, Oil Discovery Changes Energy Game

Speaking at a press conference in Harare yesterday, Minister Soda said the discovery was a major boost to Zimbabwe’s Vision to become an upper middle-class economy by 2030. He said plans are now underway for the early commercialisation and monetisation of the declared discoveries while exploration works continue.

Wallace Ruzvidzo-Herald Reporter

ZIMBABWE is primed to become a major player in the oil and gas industry following the confirmation of gas, light oil, condensate and helium deposits by Geo Associates, Mines and Mining Development Minister Zhemu Soda has said. The discovered oil falls under light oil classification and will see Zimbabwe producing diesel, petrol and jet A1, thus cutting the country’s petroleum import bill. Speaking at a press conference in Harare yesterday, Minister Soda said the discovery was a major boost to Zimbabwe’s Vision to become an upper middle-class economy by 2030. He said plans are now underway for the early commercialisation and monetisation of the declared discoveries while exploration works continue. “Today we are here to make further announcements about the exploration activities that continue to happen in Muzarabani. We are pleased to announce that from the 11 samples that were extracted, Geo Associates reported to Government yesterday that they made further discoveries of gas, condensate, helium, and hydrogen. ReadMore