Angola Ready To ‘Oil’ Zambia
ANGOLA has urged Zambia to take advantage of the short distance and buy oil from that country instead of getting the commodity from the Middle East.
Angolan Secretary of State for External Relations, Augusto Manuel said his country had abundant oil and saw no reason for Zambia to go as far as Saudi Arabia to procure the commodity.
He was speaking at the Zambia-Angola Investment Forum at Taj Pamodzi Hotel in Lusaka yesterday.
Mr Manuel said it was important for Zambia and Angola to cement the already warm relations by increasing business transactions.
The two countries should build infrastructure for the benefit of the two peoples, he said.
“We in Angola have a lot of oil, huge reserves and it does not make sense for Zambia which is our neighbour to be going to get the same oil from Saudi Arabia. We are currently building a big refinery in Angola and we are also committed to putting up a pipeline linking the
“So instead of going to buy from Saudi Arabia, Zambia should buy from Angola. Access to the port for Zambia is nearer in Angola at Lobito than anywhere else,” he said.
Mr Manuel said Zambia and Angola were both heavily involved in construction and that it would be important for the two countries to partner in improving infrastructure.
He said his country had made significant strides in construction of Benguela Railway, which would link the two countries through Luau in Angola and Mwinilunga in Zambia.
“We shall be reaching Luau in December this year and this rail line will be important as it will also link the two countries to the Congo DR and help boost trade and investment,” he said.
Commerce, Trade, and Industry Deputy Minister, Keith Mukata said the construction of the Benguela rail line would improve trade between the two countries as well as work towards achieving regional integration.
“The Benguela Railway will improve relations between the two countries as well as transportation of goods.
“It is encouraging that the railway on the Angolan side will reach the border by next year,” he said.
He said trade between Zambia and Angola was low and that the signing of the bilateral agreement would go a long way in improving trade statistics.