Raffinerie Us
TIME PUBLISHED - Friday, October 21, 2011, 4:28 am
6 Comments361 views Email Print
Indeni Oil Refinery in Ndola
A US$600 million oil refinery is planned to be set up in Ndola under a public private partnership (PPP) to compliment Government’s efforts in finding a long-term solution to high fuel prices and shortages.
Bwana Mukubwa Oil Refinery, which will be situated at the Sub-Sahara Gemstone Exchange Industrial park in Ndola, is expected to refine about five million litres of fuel monthly and will reduce the cost of fuel by about 30 percent.
Sub Sahara Gemstone Exchange Industrial park president Phesto Musonda said Bwana Mukubwa Oil Refinery will also create business opportunities for firms that were awarded licenses to explore for oil and in various parts of the country.
Mr Musonda said Bwana Mukubwa Oil Refinery will soon submit a proposal to Government, adding that the firm has been engaging Indeni Petroleum refinery and Tanzania Zambia Mafuta (TAZAMA) on the project.
He said establishing the refinery will take about five years and plans are underway to engage Indeni management to run the facility once complete.
Mr Musonda said in an interview on October 20, that apart from refining crude oil, the firm will produce gas, wax and fertilisers as by products.
He said the country is recording huge investments in the mining, agriculture and tourism sectors adding that adequate and affordable fuel is important if the sectors are to fully develop.
“Fuel plays a major role in any economy and reducing the cost will reduce the cost of doing business…We want to go back to the days when fuel was affordable so that farmers can have diesel for their irrigation system and fuel to easily transport farm produce to the markets,” he said.
Mr Musonda said it is sad that fuel remains expensive in the country and this has imparted negatively on all sectors of the economy.
He however expressed optimism that the Commission of Inquiry Government has set up will help find a lasting solution to the challenges affecting the energy sector.
Mr Musonda also called on Government to fully support the project.
[Zambia Daily Mail]