Formal approval of the Government of Zambia 15, a private company for oil exploration that marked the field of oil exploration and exploitation of the first official open the door to the private sector at home and abroad.
Zambian Minister of Mines and Mineral Resources Muwa Lai told reporters that the government has been divided into 41 exploration blocks, including seven reserved for the government. Government of Zambia in November 2009, respectively, and in June 2010 to conduct oil exploration rights in two tenders, a total of eight private companies to bid for success.
Muwa Lai said that in the eight companies, oil companies in Zambia Barrow first complete the registration policy, and pay all related costs, becoming the first in Zambia, access to oil exploration and exploitation rights to private companies .
Muwa Lai said that several other companies will pay according to the procedures and obtain exploration license, and immediately after the end of the rainy season into their respective regions competing to start exploration work.
It is understood that the Zambian government will soon enact a tariff table of contents, including petroleum, including exploration and production of new regulations to restrict domestic oil exploration.
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