Browsing: future of fuel in Zambia

• Zambia relies heavily on imports from other countries to meet its fuel needs. This dependence on imports has led to fluctuations in pump prices and supply shocks.
• Angola, as a major oil producer in the region, has the potential to supply Zambia with the fuel it needs.
• Zambia has agreed to buy a stake in Angola’s Lobito refinery, which is currently under construction.  

Zambia is planning to import fuel from its oil-producing neighbor Angola in an effort to lower pump prices and prevent supply shocks. The move comes as Zambia has agreed to buy a stake in Angola’s Lobito refinery, which is currently under construction.

During his three-day visit to Angola, President Hakainde Hichilema assured his host that Zambia would invest in the Lobito refinery.

“It makes no sense to import fuel from other parts of the world when we have a neighboring producer,” President Hichilema stated at a press …