Seven companies bid for majority stake in Zambian oil refineryStaff Writer | March 17, 2018
Seven companies have submitted bids to buy a majority stake in Zambia's sole 24,000 barrel per day Indeni Petroleum Refinery.
Oil production Procurement specialist Mwila Kapita said:
The others are Joint Stock Company Global Security of Russia, Sahara Energy Resources Limited and a consortium of Beijing Huiersanji Green Chem Company Limited and AVIC International Holding.
Zambia is looking for a strategic partner to work with Indeni Petroleum Refinery, built in 1973. The oil company is currently 100 percent owned by the state-controlled Industrial Development Corporation (IDC) Limited. ■