IVZ media thread, page-5168

DATED - 24 Sept 2023 :
The joint venture agreement between Coven Energy and NOIC is to develop a fuel pipeline from the Mozambican port city of Beira to the capital city of Zimbabwe.

The project, once complete, will service the whole of southern Africa and will import, transport, store and handle petroleum products in Zimbabwe.

Behind a Paywall BUT :

https://www.news24.com/citypress/business/eastern-cape-businessperson-inks-r74billion-mozambique-pipeline-deal-20230924#:~:text=Regional%20Oil%20Company.-,The%20joint%20venture%20agreement%20between%20Coven%20Energy%20and%20NOIC%20is,handle%20petroleum%20products%20in%20Zimbabwe.

Previous Mention - DATED 12 AUGUST 2021

Zimbabwe’s National Oil Infrastructure Company (NOIC) and UK-based Coven Energy have signed a joint venture agreement to build a $1.3bn fuel pipeline.
The project is planned to be built in phases over a period of four years. The first phase of the project is expected to receive capital injection of $850m, according to Business Times.
Zimbabwe Minister of Information, Publicity and Broadcasting Services Monica Mutsvangwa was cited by Reuters as saying that the proposed pipeline project will run from the Mozambican port city of Beira to the Harare.
Mutsvangwa was quoted by The Herald as saying: “The project will result in the National Oil Infrastructure Company of Zimbabwe (Pvt) Ltd and Coven Energy Ltd entering into a 50:50 public-private partnership.

“The project will create employment opportunities and generate foreign currency for the country.

It will also help reduce vehicular congestion and the smuggling of petroleum products.

”The pipeline project is expected to complement the existing pipeline that links Harare and Beira. (??)

https://www.offshore-technology.com/news/zimbabwe-pipeline-coven/?cf-view

HOW MUCH is OR WAS DONE ?