Category: Energy

US$24m for fuel

The Reserve Bank of Zimbabwe (RBZ) has released US$23,89 million for the purchase of fuel to be sold in local currency for the week March 16 to 22. RBZ governor… Read more »

Oil, gas sharing committee set

Government has setup a technical committee to undertake negotiations for a Production Sharing Agreement (PSA) with Australia Stock Exchange (ASX) listed Invictus Energy’s oil and gas prospect in Muzarabani. The… Read more »

Industry urged to explore bio-fuels

ENERGY and Power Development Minister, Fortune Chasi, has said increased research should buttress development of bio-fuels as one of the alternative solutions to the country’s energy needs. Speaking at the… Read more »

Fuel duty in forex OK, but . . .

Industry players say the payment of petroleum products’ duty in foreign currency is a welcome move provided it ensures continual supply of the commodity for production. This follows recent announcement… Read more »