Africa Surveyors May-June issue 2023 digital

ENERGY
Regional Collaboration
Consolidates Angola’s
Position as an Oil and
Gas Hub
One of Africa’s major oil and gas producers,
Angola is demonstrating commendable
efforts in prioritizing regional collaboration
to ensure energy security and stimulate growth across
the regional energy sector. By leveraging its position,
resources and experience, Angola is forging strategic partnerships with
neighboring countries, signing significant agreements, and initiating
cross-border collaborations. These endeavors serve as an inspiring
example for other African nations to enhance cooperation and foster
sustainable development.
Angola-DRC Ink Landmark Agreement
In a notable development, Angola’s signing of a Memorandum of
Understanding (MoU) with the Democratic Republic of the Congo
(DRC) on July 13 for the joint development of offshore Block 14
marks a significant milestone in the country’s pursuit of energy
security. Angola, for its part, has demonstrated its commitment to
strengthening cooperation and promoting sustainable development
and growth within the energy sector. This strategic alliance will not
only boost the energy sectors of both countries but also promote
economic growth and stability across the continent.
Zambia-Angola Pipeline Enhances Connectivity
In 2021, Angola inked an MoU with Zambia for the construction of
the $5 billion Zambia-Angola pipeline. The pipeline will transport
petrol, kerosene, diesel and gas from Angola's Lobito Refinery to
Zambia. Spanning approximately 1,400 km, it will have a capacity of
200,000 barrels per day. The pipeline aims to reduce fuel prices in
Zambia, benefiting the economy and population while also generating
significant revenue for Angola. The project underscores Angola's
commitment to fostering economic integration and job creation while
supporting the development of neighboring nations through an
interconnected energy network.
24 May-June issue l 2023 www.africasurveyorsonline.com