• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Angola and Zambia sign $5 billion oil pipelines deal

4 years ago
in Energy, highlights, Home, home-news, latest News
1 min read
0 0
0
143
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

African OPEC member Angola signed this week a $5-billion memorandum of understanding with its neighbor to the east, Zambia, to study the construction of oil products and gas pipelines between the two countries.

According to Angola’s Minister of Petroleum, Diamantino Azevedo, the feasibility studies could take two years. After they are completed, the two governments will take the final decision regarding the construction of the pipelines, Angola’s Ministry of Petroleum said in a statement after the agreement was signed.

If the project moves to construction, it will create between 12,000 and 14,000 jobs in both countries, while pipelines maintenance and operation activities will create 4,000 permanent jobs in Angola and Zambia, the Angolan Ministry of Petroleum said.

The pipelines are expected to transport gasoline, diesel, kerosene, and gas from Angola to Zambia once completed.

“This milestone agreement will bring to an end a more than 10-year old complex negotiation process that shall lead to cheaper fuel for Zambia,” Zambia’s ambassador to Angola, Lawrence Chalungumana, said, as carried by Anadolu Agency.

Angola’s state oil firm Sonangol and Zambia state’s company IDC will be strategic equity partners in the pipeline project, Chalungumana said, quoted by The Zambian Observer.

According to the ambassador, the pipeline project is expected to cost around $5 billion.

RelatedPosts

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Angola is currently raising its refining capacity by building three refineries with a total capacity of 400,000 barrels per day (bpd) and boosting the refinery capacity of an operational refinery threefold, The Zambian Observer reports, noting that all the new refining capacity will turn OPEC member Angola into a producer of more refined oil products than it consumes. The surplus fuel will be transported to Zambia and other neighboring countries in the region.  

Zambia relies on copper for a large part of its export revenues, but it relies on imports for fuel supplies.

Source: oilprice
Via: norvanreports
Tags: $5 billion oil pipelines dealAngola and Zambia
No Result
View All Result

Highlights

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

CHAN: Morocco and Madagascar Advance to Semi-Finals, Ending Kenya and Tanzania’s Dreams

Trending

Features

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert Nigeria’s ports handle...

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.