Type of offer
Oracle Fuels and Logistics Limited
Zambia Development Agency offers Foreign Direct Investment incentives that protect the investor through signing of the Zambia Promotion and Protection Agreement (ZPPA). This guarantees the investor’s confidence that they will get their return on investment as per project duration. This is achieved through the involvement of the Zambian and Democratic Republic of Congo governments and the countries where the pipeline will pass by getting the necessary permits and titles for such an undertaking. In Zambia, the Industrial Development Corporation will assist in getting the necessary permits and licences. In DRC, the Ministries of Commerce, Lands and Energy will also assist in getting the required permits for such a noble investment as well as other countries the pipeline will pass through.
Geographical location of the project
The project will line up from Beira in Mozambique, pass through Zambia to host a major refinery into Lubumbashi, DRC as the final destination for a distance of 1,600 km. Along the way, there will be pump stations.
The project goal is to reduce the fuel costs in the two countries of Southern part of DRC and Zambia whose cost of doing business is on the higher side as fuel or energy is the engine that drives the economy. Fuel is transported mainly by road and Indeni Petroleum in Ndola, Zambia, operates an obsolete separator, with less fuel coming through the rail line. This makes fuel very expensive. This is a must project for both countries.
The estimated amount of the project
The estimated cost of the project is Two billion, Five Hundred Million United States Dollars (US $ 2,500,000,000.00). To be revised upon fully carrying out the feasibility study.
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