The government has approved the National Oil Company of Zimbabwe (NOIC) multimillion dollar liquid petroleum gas project paving way for its commissioning by year end.
It emerged at the ISO 9001:2008 certification of NOIC on Friday (today), the rise in the uptake of liquid petroleum gas ( lp gas)by industry and commerce has resulted in the government owned firm venturing into the project to ease importation of the commodity.
The Permanent Secretary in the Ministry of Energy and Power Development Mr Pattison Mbiriri confirmed to the ZBC the state as the main shareholder in NOIC has therefore approved proposals for the establishment of the gas project.
“It has been approved and it is now up to them to do their business,” said Mr Mbiriri.
Funding modalities, logistics, project proposals, evaluation systems, feasibility studies, research and other elements for the gas project are almost complete, says NOIC chairman Dr Jimias Madzingira.
“We are eager to do the best thing which we can to unlock more potential,” Dr Madzingira said.
The state owned firm is constructing the gas facility at its Mabvuku depot in the capital as part of efforts to complement the nation’s blue print, the ZIM ASSET cluster on infrastructure and utilities.