Seven bids submitted for Zambia oil refinery
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Seven firms have submitted bids to buy a majority stake in Zambia's Indeni Petroleum Refinery.
Zambia Development Agency (ZDA), which is responsible for handling the bidding, reports that bids have been submitted by Glencore Energy UK Ltd, Vitol SA, China Petroleum Technology & Development Corp., Philia Trading, Joint Stock Company Global Security of Russia, Sahara Energy Resources Ltd, and a consortium of Beijing Huiersanji Green Chem Co. Ltd and AVIC International Holding.
The Indeni Petroleum Refinery, which was built in 1973, is Zambia’s sole oil refinery. The oil company is owned by the Industrial Development Corp. (IDC) Ltd, which has advised that bidders can expect feedback within the next few weeks.
Read the article online at: https://www.hydrocarbonengineering.com/refining/26032018/seven-bids-submitted-for-zambia-oil-refinery/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).