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Prometheus 6

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Fuel diamonds

Zimbabwe consumes 3,5 million litres of diesel, three million litres of petrol and five million litres of Jet A1 daily. The country needs about US$130 million a month to import fuel.

In March, government came up with a plan to use diamonds illicitly mined from Marange in Manicaland province in exchange for fuel from Equatorial Guinea.

BP deal to supply fuel to Zimbabwe falls through
2008-08-08

Negotiations between the National Oil Company of Zimbabwe (NOCZIM) and two international petroleum companies to supply fuel to the country have collapsed over pricing, sources told ZimOnline.

Sources in the oil industry said NOCZIM was about to clinch a fuel deal with Independent Petroleum Group of Kuwait and BP Shell of South Africa, but it fell through after NOCZIM insisted that the landing rate be US$0,60 a litre.

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