OIL EXPLORATION WLL HELP TRANSFORM ZAMBIAN ECONOMY
Last Updated: 2017-02-17
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KALEMIE, DRC, Feb 17 (NNN-ZNBC) -- Zambian Minister of Mines Christopher Yaluma says exploration for gas and oil on Lake Tanganyika which is shared by Tanzania, the Democratic Republic of Congo (DRC), Burundi and Zambia, will help transform the Zambian economy.

Yaluma said here Thursday the economies of the four nations in the East African Rift Valley system would experience a boom once the gas and oil explorations begin to bear fruit.

Yaluma is here along with his counterparts from the other three countries who have gathered in this town on the western shore of Lake Tanganyika in Katanga Province in the DRC for a four-day meeting to discuss the possible exploration of oil and gas on the lake, the second deepest and second biggest freshwater lake in the world by volume after Russia's Lake Baikal.

Yaluma told ZNBC he was optimistic that the meeting would yield positive results which would benefit the four nations.

DRC Hydrocarbons Minister Ngoie Mukena was happy that his country is hosting the conference on hydrocarbons. Professor Mukena said the DRC believes the four countries should dialogue over the potential oil and gas exploration on Lake Tanganyika because the lake is a shared resource.
-- NNN-ZNBC