( 3 minutes read)
· Zambia is expected to sign a Memorandum of Understanding (MoU) with Angola for setting up the Angola-Zambia Oil Pipeline. Initially, a feasibility study will be undertaken towards the project, which will have active involvement of both countries
· The Zambia’s Ministry of Energy is currently is finalizing the MoU that will pave way for technocrats to undertake a feasibility study to ascertain the viability, cost, duration and capacity of the proposed pipeline
· The Zambian Energy Minister Mathew Nkhuwa said the signing of the MoU would take place in May 2021 within the next two weeks
Zambia is expected to sign a Memorandum of Understanding (MoU) with Angola for setting up the Angola-Zambia Oil Pipeline. Initially, a feasibility study will be undertaken towards the project, which will have active involvement of both countries.
The Zambia’s Ministry of Energy is currently is finalizing the MoU that will pave way for technocrats to undertake a feasibility study to ascertain the viability, cost, duration and capacity of the proposed pipeline. The Zambian Energy Minister Mathew Nkhuwa said the signing of the MoU would take place in May 2021 within the next two weeks.
The MoU is to allow technocrats to start working on the feasibility study to come up with the costing, duration and capacity of the pipeline. Zambia imports all its petroleum requirements, which comes mainly from the Middle East, en route port of Dar-es-Salaam in Tanzania. A part of the requirements are also coming from Mozambique, Tanzania and South Africa. The proposed oil pipeline will help Zambia to bring gas and oil from Angola at a much cheaper rate avoiding high transpiration cost. Angola has huge petroleum reserves and is currently Africa’s second largest producer to Nigeria.
