Zimbabwe and Algeria yesterday signed a Memorandum of...

Zimbabwe and Algeria yesterday signed a Memorandum of Understanding in hydrocarbons which is a boost for the country’s natural gas and oil exploration activities following the confirmation of large reserves in Muzarabani, Mashonaland Central Province.

Algeria’s Energy and Mines Minister Mohamed Arkab, who arrived in the country yesterday, paid a courtesy call on President Emmerson Mnangagwa following the signing of the MoU and apprised the Head of State of the agreement, which will focus mainly on hydrocarbons.

Speaking after a closed-door meeting between President Mnangagwa and the Algerian delegation, Energy and Power Development Minister Zhemu Soda, said the establishment of collaboration between Zimbabwe and Algeria in hydrocarbons would definitely aid in the former’s economic growth, particularly in Muzarabani.

He said as an expert in the field, Algiers had agreed to transfer its expertise for Harare’s exponential benefit.

“You are aware that there is exploration that has just started in Muzarabani, so this relationship is going to assist us given that it’s a new frontier for Zimbabwe to exploit our hydro-carbons in Muzarabani and we think from this relationship, we are going to benefit a lot collaborating with them and sharing the expertise so that we also broaden our energy mix in the country.

“It is an MoU for the purposes of collaborating in areas of energy. You might be aware that Algeria is very much advanced in the area of hydrocarbons, they do mine their oil and extract their gas which they are using for the betterment of their economy, especially in the area of gas to electricity,” he said.

“So, this is the MoU that we signed, we shall be collaborating in various ways; in the area of knowledge transfer, policy and regulations and also in the area of research and development of our energy sector,” he said.

Arkab said they were delighted to establish solid cooperation with Zimbabwe.

“We are happy to have been received by the President. Today, we have signed a Memorandum of Understanding in order to establish real and effective cooperation between Zimbabwe and Algeria in different fields, mainly in the hydrocarbon industry and electricity generation, transmission and distribution.

“We are trying to establish a roadmap in order to prioritise all this activity for real cooperation,” he said.

The Algerian delegation will today meet the Minister of Mines and Mining Development.

The MoU is further testament that the Second Republic’s engagement and re-engagement diplomatic offensive continues to bear fruit on all fronts, as relations between Harare and Algiers have continued to grow in leaps and bounds over the years.

Algeria has the tenth-largest proven reserves of natural gas in the world and is the sixth largest gas exporter and has the third largest reserves of shale gas. It also ranks sixteenth in proven oil reserves, according to a Data Privacy Framework.

Thanks OTP