NEWS & POLITICS
Zambia to build $1.1 billion oil refinery to curb fuel shortage
On Monday, July 21st, Zambia's government marked a significant step by signing an agreement with a Chinese company for the development of a $1.1 billion oil refinery and energy complex in Ndola, located in the Copperbelt region.
Michael Oduor
The facility will be capable of processing at least 60,000 barrels of crude oil per day. The refinery is projected to not only satisfy the fuel needs of Zambia but also export refined products to neighboring countries, boosting regional fuel supply.
The deal was signed between Zambia's state-owned Industrial Development Corporation (IDC) and the Chinese Fujian Xiang Xin Corporation. The construction is expected to commence this year, with operations scheduled to begin in 2026.
According to the government statement, the facility is projected to save Zambia millions of dollars by reducing its reliance on imported petroleum and related products.
Upon completion, the facility will both refine fuel and provide infrastructure for liquified petroleum gas (LPG) bottling.
A 130-megawatt power plant will also be built alongside the facility, boosting the country's energy reserves.
According to the government, the project is expected to attract investment in storage facilities, modernize rail infrastructure, and supply feedstock for industries like fertilizer, asphalt, and plastics.
It is projected to generate 2,200 jobs during construction, 600 during operations, and over 2,000 indirect jobs.
