Angola, Zambia sign MoU to study $2-billion pipelines
Angola Feasibility studies for the projects are anticipated to take up to two years, Angolan Minister of Petroleum Diamantino Azevedo said in a statement published by the country’s petroleum ministry on Thursday.
The USD 2-billion investment will be carried out “without recourse to public funds,” according to the statement.
The pipelines fall under a development known as the Angola-Zambia Oil Pipelines project, or AZOP.
Construction of the pipelines could create 12,000-14,000 jobs across the two countries, the ministry said. A full 4,000 permanent jobs are anticipated from the new infrastructure.
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