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Oil and gas discovered in Zambia Oil and gas discovered in Zambia
(about 3 hours later)
Zambia has announced its first discoveries of oil and gas reserves.Zambia has announced its first discoveries of oil and gas reserves.
The discoveries were made in north-western Zambia, an area that also has one of the world's largest reserves of copper.The discoveries were made in north-western Zambia, an area that also has one of the world's largest reserves of copper.
President Levy Mwanawasa said that samples from 12 sites have proved positive in tests conducted in Germany.President Levy Mwanawasa said that samples from 12 sites have proved positive in tests conducted in Germany.
Exploration had been carried out for the past two years, as part of efforts to diversify the economy away from copper exports.Exploration had been carried out for the past two years, as part of efforts to diversify the economy away from copper exports.
'Strengthen the economy''Strengthen the economy'
Mr Mwanawasa said the government would now appoint a special cabinet committee to select foreign oil firms to conduct comprehensive exploration.Mr Mwanawasa said the government would now appoint a special cabinet committee to select foreign oil firms to conduct comprehensive exploration.
President Mwanawasa was recently re-electedPresident Mwanawasa was recently re-elected
"These results confirm the presence of oil and gas in the sub-surface of the two districts of Chavuma and Zambezi," he said.
He said he hoped they could also look for oil in other parts of the country.He said he hoped they could also look for oil in other parts of the country.
"It is hoped that the country will see more exploration and extraction activities for oil and gas in different parts that would strengthen the country's economy," said Mr Mwanawasa."It is hoped that the country will see more exploration and extraction activities for oil and gas in different parts that would strengthen the country's economy," said Mr Mwanawasa.
The president won a second term in office in September, having campaigned on his economic record.The president won a second term in office in September, having campaigned on his economic record.
Western donors have praised him for boosting economic growth above 5% and attracting foreign investments, helped by his anti-corruption campaign.Western donors have praised him for boosting economic growth above 5% and attracting foreign investments, helped by his anti-corruption campaign.
Yet Mr Mwanawase's main rival for the presidency, Michael Sata, alleged that he was cheated of victory. Yet Mr Mwanawasa's main rival for the presidency, Michael Sata, alleged that he was cheated of victory.