Angola, Zambia partner to develop oil and gas sectors
Image: Cancillería Venezuela
Angola and Zambia have signed a Memorandum of Understanding (MoU) for the development of a gas pipeline in Zambia.
Signing the document were Angola’s Minister of Oil and Mineral Resources, Diamantino Azevedo and Zambia’s Energy Minister, Mathew Nkhuwa.
On the partnership, Minister Nkhuwa stressed the urgency of the Angola-Zambia Oil Pipeline (AZOP) project which will support the Lobito Refinery in Lusaka.
The proposed development of a new pipeline, in addition to facilitating the supply of petroleum products from the Lobito Refinery, will also strengthen partnership between Angola and Zambia, and pave the way for greater economic integration of the countries of the Southern African Development Community region.
Minister Azevedo said: “With this visit, we are taking an important step in the increase of economic relations and with the signing of the memorandum of understanding we are opening doors for our companies to develop projects in the field of oil and gas. All sectors of Zambia wanting to invest in Angola are welcome.”
The partnership will help with the rehabilitation and modernization of the Luanda refinery and is expected to increase Angolan refining capacity to around 300,000 barrels a day.
Endorsed by the Ministry of Mineral Resources and Petroleum, Africa Oil & Power will organize the first Angola Oil & Gas conference, which will be held on June 4-6, 2019 in Luanda. Registration is now open.