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Monday, 30 July 2012

Energy Watch (New Pipeline), 3rd Edition

Discussions continue over the proposed construction of the Bwana Mkubwa oil refinery and pipeline in Ndola is still on. The project is intended to be a joint venture of Samsung Engineering (South Korea), Maysen &  Borowski Zambia and OSD (Australia). The capital cost of the proposed Bwana Mkubwa refinery and pipeline project and pipeline is approximately USD $1.7 billion and USD $1.6 billion respectively. No clear details on how this is to be funded.

This is a development in relation to this Australian investment not this Angolan investment. The latter remains unresolved publicly after miscommunication between various ministries.

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