Johannesburg, South Africa, 31 Jan – The Venessia Petroleum company of Qatar has been contracted to build an oil pipeline between the city of Beira in Mozambique, and Nsanje in Malawi, according to South African website BizCommunity.
On Tuesday, government officials from Malawi said that the contract had been signed on 21 January and also that the project, which is due to be concluded within 36 months, included the pipeline and storage facilities to increase the country’s reserves from 10 to 90 days.
Fuel is currently transported from Beira in tanker trucks, which travel through Tanzania, and this projects aims to reduce the cost of importing fuel to Malawi.
The Malawian secretary of state for Energy and Mines, Charles Msosa said that the project was part of the Chire-Zambezi development plan, which has been agreed with Mozambique.
Malawi’s energy minister, Henry Banda, said that Malawi was following with interest the Nacala refinery project, which is expected to serve the regional market.
The refinery investment project, to the value of US$5 billion, was approved last October.
Construction and operation of the pipeline will be the responsibility of Ayr Petro-Nacala, a US oil company from Texas, which also has three South African and one Mozambican investors.
The unit will have a production capacity of 100,000 barrels per day of several types of fuel (gasoline, lighting oil, aircraft fuel, and others).
Friday, 1 February 2008
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