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Vol 59 No 25

Published 21st December 2018


Zimbabwe

Mnangagwa wants his pipeline

A new oil supply route from Beira could relieve the country from dependence on Trafigura and ease shortages, the President believes

Angry at Dutch-based commodities trader Trafigura's control of the country's only oil products pipeline from the Mozambican port of Beira, President Emmerson Mnangagwa has told local oil mogul Kudakwashe Tagwirei he is determined to break the monopoly. A proposed US$1 billion deal involving Trafigura designed to end Zimbabwe's severe fuel shortages recently fell through. Tagwirei, long considered a loyal servant of the ruling Zimbabwe African National Union-Patriotic Front, runs Sakunda oil, which has long had a strategic relationship with Trafigura, which controls the Feruka pipeline (AC Vol 59 No 22). Nowadays, Tagwirei is believed to be close to Vice-President Constantino Chiwenga.

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