Mozambique and Zambia are set to sign a memorandum of understanding for the construction of a US$1.5 billion (€1.3 billion) fuel pipeline, Mozambican President Daniel Chapo announced on Wednesday.
Speaking at the opening of the 11th Mozambique Mining and Energy Conference (MMEC), President Chapo said the pipeline will transport petroleum products from the port city of Beira in central Mozambique to Ndola, Zambia’s industrial hub.
“The pipeline will allow the transport of petroleum products to the Zambian market, reducing the circulation of trucks on the roads,” he said, as reported by Club of Mozambique.
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With an annual capacity of 3.5 million metric tons, the project also includes the development of fuel storage infrastructure in both Beira and Ndola.
President Chapo said the initiative reflects both the strength of Mozambique’s energy reserves and its growing attractiveness to private investment.
“These milestones reflect not only the robustness of our reserves, but above all the environment of credibility, security, and reform that we are consolidating in attracting the private sector to boost our economy,” he stated.
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