Business
Zambia to import oil from Angola – will reduce on imports from Middle East
Zambia relies on semi-refined oil imports from the Middle East but has been studying plans to import crude oil from Angola and set up a new oil refinery locally.
The construction of a railway line linking the two countries to facilitate the smooth flow of fuel would also be tabled, Zulu said.
Angola has one refinery in Luanda operated by Sonangol, the state-owned oil company and regulator, but its capacity is limited at present to around 40,000 barrels of oil per day so it is unclear if it could start exporting refined products to Zambia anytime soon.
Angola is Africa’s second-biggest oil producer after Nigeria and a major supplier of crude to the United States.
