Zambia announced plans for a major crude oil refinery in Ndola, a $1.1 billion project aimed at achieving energy independence for the landlocked nation.
The Copperbelt province facility will process 60,000 barrels daily, sufficient to meet Zambia’s domestic fuel needs with potential for exports to neighbouring countries. The project represents a strategic move to reduce the country’s reliance on expensive fuel imports.
Government officials expect the refinery to create local jobs and enhance regional trade relationships, supporting Zambia’s broader economic development goals. Details about construction schedules and investment partners will be announced in the coming months.
Read the original article here: https://www.msn.com/en-xl/news/other/zambia-signs-1-1-billion-deal-to-build-major-oil-refinery-in-copperbelt/ar-AA1J3PYA?ocid=BingNewsVerp