Seven firms have submitted bids to buy a majority stake in Zambia’s sole 24,000 barrel per day Indeni Petroleum Refinery, Reuters reports.
Zambia Development Agency (ZDA) procurement specialist Mwila Kapita said Glencore Energy UK Ltd, Vitol SA, China Petroleum Technology and Development Corporation and Philia Trading were among the firms that had submitted bids.
Others are Joint Stock Company Global Security of Russia, Sahara Energy Resources Limited and a consortium of Beijing Huiersanji Green Chem Company Limited and AVIC International Holding. The refinery is currently 100% owned by the state-controlled Industrial Development Corporation (IDC) Limited.
