Zambia to Build $410 Million Oil Refinery to Lower Costs
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Zambia plans to build a $410 million oil refinery as the inefficiency of the only existing facility curbs growth in the economy of Africa’s biggest copper producer, Mines and Energy Minister Christopher Yaluma said.
The state-owned Indeni refinery in Ndola, built in 1973 and operating at about half its designed capacity of 1.1 million metric tons a year, is “done away with, it’s finished,” he said in an interview yesterday in Lusaka, the capital.