Dangote launches 41.6bn Namibian dollar oil pipeline
By the AFREEQUE newsroom, based on New Era
Dangote Industries Limited is launching a Namibian oil storage and pipeline project worth 41.6 billion Namibian dollars in Walvis Bay. The facility is to store about 600 million litres of fuel and reduce supply costs in Namibia and neighbouring landlocked countries, according to New Era.
Nigerian group Dangote Industries Limited launched a regional pipeline project worth 41.6 billion Namibian dollars on Wednesday in Walvis Bay, Namibia, businessman Aliko Dangote announced, quoted by New Era. The project is intended to reduce fuel supply costs and improve access to petroleum products in Namibia and several landlocked countries in the region.
The infrastructure will have storage capacity of about 600 million litres, or nearly four million barrels. It will comprise 360 million litres of diesel and 240 million litres of petrol, with loading facilities for lorries and distribution facilities, according to New Era.
The pipeline network is expected to extend for about 1,700 kilometres from Walvis Bay to Otjiwarongo, Rundu and Francistown in Botswana. It is also intended to serve Zambia, Zimbabwe, Malawi and some regions of the Democratic Republic of the Congo, subject to technical studies, surveys and regulatory approvals.
Aliko Dangote said the project could make Walvis Bay an Atlantic energy gateway and a regional logistics hub. He assured Namibian President Netumbo Nandi-Ndaitwah that petroleum product prices could become “much lower” once the network was operational, according to New Era.
