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Zimbabwe Restructuring National Oil Company, Proposing Energy Regulator


Energy Minister Elias Mudzuri said focusing NOCZIM on retail sales will eliminate a conflict of interest that has hindered efficient distribution, obliging the parastatal to compete with other downstream sellers

Zimbabwe's Ministry of Energy and Power Development is taking steps to restructuring the National Oil Company of Zimbabwe or NOCZIM, spinning off a wholesale distribution unit while leaving retail sales to the parastatal.

An Energy Regulatory Board to oversee the sector is also in the pipeline. The Cabinet has approved a law setting it up which is headed for Parliament. The new board is intended to maintain a level playing field in the sector.

Energy Minister Elias Mudzuri told VOA Studio 7 reporter Patience Rusere that focusing NOCZIM on retail fuel sales will eliminate a conflict of interest in distribution, obliging it to compete with other downstream sellers.

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