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Seven bids submitted for Zambia oil refinery

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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.

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