Glencore, Vitol Bid for Stake in Zambia's Sole Oil Refinery
Photographer: Susana Gonzalez/Bloomberg
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Glencore Plc and Vitol SA are among companies submitting bids for a stake in the Indeni Petroleum Refinery, Zambia’s only fuel processor, according to the southern African nation’s development agency.
Seven offers were made for a stake in the 20,000 barrel-a-day plant, including from the China Petroleum Technology & Development Corp., Philia Trading Pte Ltd, and a group including Avic International Holding Corp., Mwila Kapita, procurement specialist at the Zambia Development Agency, told reporters Friday in Lusaka, the capital.