The Abu Dhabi National Oil Company has expressed interest in expanding its business footprint in Zimbabwe’s energy sector through increased fuel supply. The development emerged after the entity’s leadership paid a courtesy call on President Emmerson Mnangagwa at State House in Harare.
Ranked as the 12th largest oil company globally, ADNOC has already established its presence in Zimbabwe’s energy sector. Following the closed-door meeting, the entity’s Chief Executive Officer, Ahmad Bin Thalith, highlighted the growing business relations between the United Arab Emirates and Zimbabwe, noting that the company is covering the supply of refined products into the country and wants to expand that opportunity.
Thalith stated that ADNOC will supply products like diesel and gasoline that consumers regularly use, aiming to help maintain and secure the lowest prices possible for the retail sector. The UAE business company expressed gratitude to the Zimbabwean government for ease of doing business reforms that have resulted in the company setting up its operations smoothly. The company has already started operations a few months back under contract to supply fuel.
Zimbabwe relies heavily on imported fuel, with the majority coming through the Feruka pipeline. The United Arab Emirates is Zimbabwe’s second-largest trading partner, making the expanded energy cooperation strategically significant for both nations.
Source: zbcnews.co.zw