Local transporters sign $20 million deal with Trafigura

The Local Petroleum Transporters Association of Zambia (PTAZ) has signed a one year contract worth more than US$20 million with Trafigura Oil Trading Company to transport oil into Zambia.

PTAZ spokesperson Benson Tembo said the local transporters were expected to transport 38 million litres of oil estimated at US$4.6 million into Zambia by October month end.

“PTAZ has signed a contract for one year with Trafigura transporters to be transporting oil from East Africa, Zimbabwe and Mozambique into Zambia. This is happening for the first time.

“To all the local transporters, we have been given the chance to transport oil, let us meet the standards and show them that truly Zambian transporters have the capacity to do so,” he said.

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