Luanda, Angola – (African Boulevard News) – Zambia is looking to secure its position in the energy sector by exploring the potential for cooperation with Sonangol, Angola’s state-owned oil company. Energy Minister Peter Kapala and Bradford Machila, advisor to President Hakainde Hichilema, recently visited Angola to discuss the possibility of Zambia’s participation in Sonangol’s future Lobito refinery.
The Lobito refinery is a significant project being developed by Sonangol in partnership with several international companies. With an estimated capacity of 200,000 barrels per day, the refinery is expected to play a crucial role in meeting Angola’s domestic demand for refined petroleum products and potentially becoming an important supplier to the region.
Zambia, being a landlocked country, heavily relies on imported petroleum products to meet its domestic energy needs. Establishing a partnership with Sonangol and participating in the Lobito refinery could help Zambia reduce its dependency on international suppliers and ensure a stable supply of fuel for its growing economy.
During their visit, Minister Kapala and Advisor Machila held meetings with Sonangol’s top officials to explore the possibilities of collaboration. They discussed potential investment opportunities in the Lobito refinery and the potential benefits it could bring to both countries.
“Zambia recognizes the importance of energy security and development in driving economic growth. Participating in the Lobito refinery project could be a game-changer for our nation, ensuring a stable fuel supply and potentially creating new job opportunities,” Minister Kapala stated.
Advisor Machila added, “Our President has set ambitious goals for Zambia’s economic development, and the energy sector plays a crucial role in achieving them. Partnering with Sonangol in the Lobito refinery project aligns with our vision and demonstrates our commitment to harnessing regional cooperation for mutual benefits.”
The Lobito refinery project holds the potential to transform the energy landscape in the Southern African region. By building strong partnerships with neighboring countries, Angola aims to enhance its position as a major energy player in Africa and contribute to regional development.
As discussions progress, both sides expressed optimism about the possibility of a successful partnership. Zambia’s interest in participating in the Lobito refinery project not only demonstrates its commitment to energy security but also highlights its willingness to collaborate with Angola for the benefit of both nations.
The future looks promising for Angola and Zambia’s energy cooperation. With strategic partnerships and investments, both countries can strengthen their energy sectors, drive economic growth, and ensure a more secure and sustainable energy future for the region.
Keywords: Angola, Zambia, Lobito refinery, Sonangol, energy, partnership, collaboration, investment, economic growth.
