Lungu eyes Uganda’s oil

PRESIDENT Edgar Lungu says Zambia is currently exploring possibilities of importing cheaper oil from Uganda.

And President Lungu has extended an invitation to Ugandan President Yoweri Museveni to undertake a State visit to Zambia at a date to be communicated through diplomatic channels.

President Lungu said this yesterday at Entebbe Airport before departing for Zambia after concluding his state visit to Uganda.

“We have agreed to strengthen our relationships and we have noted that the discovery of oil in Uganda will benefit Zambia a lot,” he said.

President Lungu said Government was exploring ways of getting crude oil from Uganda to Ndola in Zambia to be refined, adding that fuel would be cheaper and affordable.

“Getting crude oil from Uganda to Ndola in Zambia will then be cheaper that way,” he said.

President Lungu said he discussed at length with President Museveni and agreed to revive the two countries relationship through Joint Permanent Commission.

He said opportunities have been restored through JPC and also helped the DR Congo, Rwanda Sudan and Central African Republic.

President Lungu said JPC would be held in October this year in Lusaka in order to cement the two countries relationships.

“Zambia for unknown reasons chose not to hang around Uganda and Uganda also did the same and since then opportunities have been lost over the years,” he said.

The Head of State said the JCP which would be held in Zambia was an opportunity to revive what had been lost over the years.

And Special Assistant to the President for Press and Public Relations Amos Chanda, said President Museveni’s State visit to Zambia would be communicated through diplomatic channels.

According to a communiqué, Mr Chanda said the two leaders also exchanged views on the prevailing political, economic and security situation.

“President Lungu commended President Museveni for the pivotal role and statesmanship played in the resolution of various conflicts situations in the Great Lakes region and the African continent,” he said.

Mr Chanda said President Lungu further commended Uganda’s efforts through the Inter-Governmental Authority for Development (IGAD) led peace process and reaffirmed Zambia’s readiness to render support in the process.

Categorized | Business

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