More than ten years of complex negotiations between Angola and neighboring Zambia have resulted in a $5 billion deal to build a products pipeline between Lobito and Lusaka.

At the signing ceremony in Luanda, the Zambian government was represented by Energy Minister Mathew Nkhuwa, with Angola represented by Petroleum Minister Diamantino Pedro Azevedo.

Once completed, the Zambia-Angola multi-product petroleum pipeline will transport petrol, diesel, kerosene, and gas.

The project also rekindles hope for the Zambian community to start purchasing gas at a lower price than the current kwacha 17.9 ($0.81) per liter of petrol.

"At the signing ceremony in Luanda, the Zambian government was represented by Energy Minister Mathew Nkhuwa, with Angola represented by Petroleum Minister Diamantino Pedro Azevedo.

The petroleum pipeline will be developed by the private sector with state-owned petroleum Angolan firm SANANGOL and the Zambia state company Industrial Development Corporation-IDC Zambia Ltd. as strategic equity partners.