Rosneft considering Mozambique-Zimbabwe link-up

On 12 October 2012 Kommersant reported that Rosneft has been holding negotiations on the construction of an oil product pipeline through Mozambique to Zimbabwe, including the construction of a major storage facility in Harare.

Roman Trotsenko, former head of the United Shipbuilding Corporation and currently adviser to the Rosneft CEO, says all the legal documents, JV agreement and all the permits for the passage of the pipeline will be adopted by the end of 2012.

According to the article, the project could set Rosneft back USD 700 million and is part of plans to transform the state-owned oil company into a major global player. However, analysts cite high risks related to the project.

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