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Zambia : Oil pipeline to be built from Lobito to Zambia

Angola and Zambia will sign on 19 of this month, in Luanda, a memorandum for construction of an oil pipeline for the country to supply fuel, the Angolan Ministry of Mineral Resources announced. The matter was discussed between the Minister for Oil and Gas, Diamantino de Azevedo, and Zambia’s ambassador to Angola, Lawrence Chalungumana. According to a statement from the Ministry of Mineral Resources, three years ago Zambia showed interest in building a multi-product pipeline, from the municipality of Lobito, in Angola’s Benguela province, to supply Zambia and the region with diesel, gasoline and gas. The Zambian diplomat said at the end of the meeting that next Monday the two ministers would sign, in Luanda, the memorandum for construction of the pipeline.

Angola s Petroleum Agency outlines timeline for ongoing bid-round

Angola s National Oil, Gas and Biofuel s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow.  In line with its statutory duties as national concessionaire in charge of the attribution of petroleum exploration blocks, the ANPG has sought to adjust its processes to remain competitive in the current market environment, which is dominated by concerns around COVID-19, long-term demand considerations and stiff competition from new and promising frontiers like Guyana and Suriname. The ongoing bid-round is a manifestation of Angola s strategy for the continuous attribution of petroleum concessions 2019-2025 which was approved and codified by Presidential Decree no. 52/19, of 18 February 2019.

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