Construction of an oil pipeline between Zambia and Angola will begin as soon as a feasibility study is completed and a financial close is made, according to Energy Minister PETER KAPALA.
The real project cost, according to Mr. KAPALA, will be established following the completion of the feasibility study.
According to him, lengthy negotiations between Sanongo of Angola and Basali ba Liseli Resources of Zambia that have failed to achieve an understanding on a shareholdings structure for the project are to blame for the delay in starting a feasibility study and reaching financial close.
During yesterday’s oral question-and-answer session in Parliament, Mr. KAPALA stated that the construction is anticipated to be finished in 2026 and that it will require 200,000 barrels of oil per day.
The Minister was responding to a query from CHINGA MIYUTU, a member of parliament for Kalabo Central, who asked to know when work will start on an oil pipeline between Zambia and Angola.
