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.
