Malawi to Go Ahead With Oil Drilling on Lake Malawi

Malawi to Go Ahead With Oil Drilling on Lake Malawi

President Peter Mutharika has re-assured all stakeholders that government will engage in clean oil drilling activities on Lake Malawi.

Speaking at events marking World Water Day in Mangochi on Wednesday the President said his government will safeguard Lake Malawi to protect its life-force and people depending on it.

Mutharika said he understands fears some quarters have that oil drilling could damage marine life and people's livelihood in case of an oil spillage.  

He emphasized that Malawi needs to progress in its quest to reach its development targets. 

Oil exploration activities are currently underway on Lake Malawi by Hamra Oil Limited and Rak Al-Khaima Gas—Rak Gas and MB45 Limited after government initially suspended the process following misunderstandings on license awarding and product sharing agreement.

But some stakeholders have continued to raise concern that government must abandon its intentions of oil drilling arguing that the costs outweigh the benefits in the whole exercise.

Lake Malawi is priced as a fresh water body and the United Nations cultural agency Unesco designated Lake Malawi National Park a World Heritage Site.  




Post Author: Chiko Chiumya

Free thinker. I love to have fun, write, and to love!

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