Published: 4 hours ago

The Government of Zimbabwe is expected to officially sign a Petroleum Production Sharing Agreement (PPSA) with Geo Associates on May 27, 2026, in a move seen as a major step toward attracting investment into the country's petroleum and energy sector.

The signing ceremony is expected to bring together senior government officials and executives from Geo Associates, highlighting the strategic importance of the agreement to Zimbabwe's energy and economic development agenda.

The government delegation will include the Minister of Finance, Economic Development and Investment Promotion, the Minister of Energy and Power Development, and the Minister of Mines and Mining Development.

Executives and representatives from Geo Associates are also expected to attend the ceremony.

Petroleum Production Sharing Agreements are widely used in the global oil and gas industry to regulate partnerships between governments and private investors involved in petroleum exploration and production.

Such agreements generally define the rights and obligations of each party, including cost recovery mechanisms, production-sharing arrangements and regulatory responsibilities.

The agreement is expected to support Zimbabwe's efforts to strengthen energy security, promote exploration activities and attract foreign investment into the extractive sector.

Further details are expected to emerge after the official signing ceremony.
- Mining Zimbabwe

You might also want to read this

• Council duped US$18,000 in fake bridge deal
• Zimbabwe, Mozambique sign landmark energy deal