Zambia short-lists five firms for majority stake in oil refinery

Capitan Investment

16/04/2018 13:56

LUSAKA, April 16 (Reuters) - Zambia has short-listed five
companies including Britain's Glencore Energy Ltd. and Sahara
Energy Resources Ltd. to buy a majority stake in its only oil
refinery, a state-owned firm said on Monday.
    The government-owned Industrial Development Corporation
(IDC) has said it wants a strong strategic equity partner that
will improve the production capacity of Indeni Oil Refinery to a
level that will meet the nation's future petroleum demand.
    The IDC said in a statement the short-listed firm will now
be asked to submit technical proposals on their bids.

 (Reporting by Chris Mfula
Editing by James Macharia)
 ((chris.mfula@thomsonreuters.com;))