Heads of state don’t routinely sign exploration agreements with single asset IOCs, but Zimbabwe needs investment to provide some good news for President Emmerson Mnangagwa’s hard-pressed regime. Citing changing market conditions and improvements to local regulations, the Australian partner is exuding confidence that it can make the prospect viable in a region where gas was discovered by Mobil in the early 1990s but reserves were unexploited due to a lack of regional demand and Zimbabwe’s economic chaos.
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