A delegation from Zambia is due on Friday to visit Angola to analyse the start of the studies for construction of an oil pipeline linking the two countries over a distance of 1,700 kilometres, according to newspaper Novo Jornal.
The Zambian Minister for Zambia Energy announced at a press conference in the Zambian capital, Lusaka, that construction of a pipeline to connect the Angolan city of Lobito, in Benguela province, to Lusaka, agreed in 2012 by the two countries and postponed since 2013 will finally move forward.
The project has an estimated cost of US$2.5 billion and provides for daily distribution of 100,000 barrels of oil.
Basali Ba Liseli Resources of Zambia announced in 2012 that it was interested in building the pipeline between Lusaka and the Sonaref refinery in the port of Lobito.
Zambia has a single refinery with a processing capacity of 24,000 barrels of oil per day, which does not have the technology to refine oil extracted in Angola. (macauhub)