Marathon Talks Concerning Products Pipeline End Between Oil-Rich Angola and Zambia

Time to read
less than
1 minute
Read so far

Marathon Talks Concerning Products Pipeline End Between Oil-Rich Angola and Zambia

Thu, 05/06/2021 - 09:49
0 comments
Flags of Zambia and Angola (copyright by Shutterstock/esfera)
Flags of Zambia and Angola (copyright by Shutterstock/esfera)

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.

Add new comment

The content of this field is kept private and will not be shown publicly.

Text only

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.