17.1 C
Harare
Wednesday, October 20, 2021
HARARE – The government through the National Oil Infrastructure Company (NOIC) of Zimbabwe has entered into a joint-venture agreement with Coven Energy Limited to kickstart the construction of a US$1.3 billion second fuel pipeline from Beira to Harare. The project which will...
Price of petrol up 3.28% in ZWL terms and 2.9% in USD termsDiesel price up 3.86% in ZWL terms and 2.3% in USD termsZERA had skipped July fuel review due  to developments on international oil market Harare – After skipping the monthly fuel price...
The regulator was supposed to announce new fuel prices todayOil prices have been surging due to increased demand and short supplyOPEC+ in a deadlock over output volumes increase Harare – The Zimbabwe Energy Regulatory Authority (ZERA) has delayed the review and announcement of...
AS the world is looking for solutions to overcome challenges posed by global warming, air pollution and energy insecurity, transition towards green energy is speeding up, and amidst that drive, established energy giants are transforming as well. French oil giant Total, and...
Expansion project closed the first quarter 62% completeThe project will see the plant’s capacity increasing to 1.520 MW Harare - Hwange Thermal Power Station, the biggest coal-fired power facility in Zimbabwe says the expansion programme closed the first quarter at 62.5%, adding a...
Petrol price declined by US$0.01Diesel price remained constant in USD terms, dropped in ZWL termsIncreases expected going forth however Harare – Like on every other fifth day of the month this year, the Zimbabwe Energy Regulatory Authority (ZERA) has once again released reviewed...
77% drop in licensed fuel companiesMonthly Fuel Price Review expected this weekPotential rise in production costs in months ahead Following an April 30th 2021 fuel licensing application deadline, ZERA has reported a 77% decline in approved entities. Down from 130, only 30 companies are...
Harare - French energy giant, Total, has said it is suspending work indefinitely on its massive US$20 billion liquified gas project (LGN) that it had initiated in the northern region of Mozambique following a jihadist attack in Palma last month. This move is...
Petrol hiked to US$1.34 per litreDiesel remained unchanged in USD terms, but up in local currencyConsecutive upwards monthly price reviews since start of the year HARARE – Fuel prices have been heading upwards in Zimbabwe since the turn of the year and this...
Australian Securities Exchange-listed (ASX) oil and gas exploration company Invictus Energy recently penned a petroleum production exploration development agreement (PEDPA). Said agreement grants the company the right to enter a 25-year production license period through its majority-stake in Geo Associates (Pvt) Ltd after the completion of...