Qatar Royal Family Backs $500M Deal to Transform Zimbabwe’s Oil & Gas Sector
Major investment partnership announced as Al Mansour Holdings acquires strategic stake in Invictus Energy
In a groundbreaking development that could reshape Zimbabwe’s energy landscape, Al Mansour Holdings, backed by Qatar royal family member His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, has announced a transformational partnership with Invictus Energy. The deal includes a 19.9% strategic equity investment worth A$37.8 million and up to US$500 million in future funding to bring the Cabora Bassa Project to commercial production.
The partnership was formalized at a signing ceremony in Harare, attended by key Zimbabwean government officials. As part of the broader collaboration, the parties have established Al Mansour Oil & Gas (AMOG), a new joint venture company focused on acquiring producing and near-term development oil and gas assets across Africa.
“This strategic investment by Al Mansour Holdings is a transformational milestone for Invictus,” said Scott Macmillan, Invictus Managing Director. “It significantly enhances the growth trajectory for our Cabora Bassa Project and opens the door to strategic upstream opportunities across the African continent.”
The investment will fund near-term operations at Cabora Bassa, including drilling of the priority target Musuma-1 well. AMOG, which aspires to become the largest private Qatari exploration and production company with interests outside Qatar, will serve as the energy sector anchor within AMH’s broader pan-African investment strategy.
Source: energy-pedia.com
