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Construction to begin on Angola-Zambia oil pipeline project

Thursday, 31 Oct 2019
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The construction of Angola-Zambia oil pipeline projects is set to commence as the project cost worth USD five billion has been made available. A memorandum of understanding (MoU) was signed in 2018 between the governments of Angola and Zambia for the proposed project.

The 1,400 km Angola-Zambia oil pipeline project will transport as much as 1,00,000 barrels oil equivalent a day of petrol, diesel and gas on completion. The project will have five years duration and be handled by the Zambian company Baseli Balisel Resources (BBLR) with the Angolan company Sonangol.

The pipeline project establishes the basis for co-operation in the oil and gas sector between the two countries. It will additionally see enhanced trade in oil, development of petroleum refinery infrastructure and capacity building for Zambia.

For Angola, it will create a new regional destination for value-added refined oil products, which are, for the most part, currently exported as crude to countries outside Africa, such as China, India and the USA.

 
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