Zambia to Launch Oil and Gas Exploration Bids

11 June 2009 (Last Updated June 11th, 2009 18:30)

The Zambian Government is to invite bids for the exploration of oil and gas in three exploration areas within the next three weeks. Zambian Mining Minister Maxwell Mwale said that initial geological work has showed the existence of oil and gas in the north-western, western and eastern a

The Zambian Government is to invite bids for the exploration of oil and gas in three exploration areas within the next three weeks.

Zambian Mining Minister Maxwell Mwale said that initial geological work has showed the existence of oil and gas in the north-western, western and eastern areas.

"With the petroleum industry there will be an enormous amount of jobs created; revenues to the state will be enormous," said Mwale.