The Industrial Development Corporation (IDC) has Shortlisted Five Companies Out of the Seven that Submitted Applications for Pre-Qualification for the Next Stage of Selecting a Strategic Equity Partner in Indeni Petroleum Refinery Company Limited.

 

The Five Companies who will be Invited to Submit Request for Proposals are; Glencore Energy Limited of the United Kingdom; China Petroleum Technology and Development Corporation of China Joint Stock Company Global Security of Russia;’ Sahara Energy Resources limited of the United Kingdom; and Beijing Huiersanji Green Chem – Tech Company Limited and Avic International Holding Corporation Consortium of China.

 

IDC Chief Executive Officer, Mr Mateyo Kaluba, said that Indeni’s Contribution to the National Petroleum demand in Zambia has, since 2005, been less than 50 Percent and this will Progressively Reduce if Nothing is done to Increase the Production Capacity of the Plant.

 

Mr Kaluba says with a Design Capacity of 1.1 Million Metric Tonnes Per Annum and Achievable Capacity of 850,000 Metric Tonnes Per Annum, Indeni Processing Capacity Falls Far Short of the Country’s Combined Demand of Petrol and Diesel which Currently Stands in Excess of 1.7 Billion Litres Per Annum

 

APRIL 16, 2018

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