Zambia Advances US$1 Billion Ndola Petroleum Refinery

On 5 November, Zambia’s Industrial Development Corporation reported progress on the proposed US$1 billion petroleum refinery in Ndola, with financial syndication nearing completion and construction expected to begin after financial close. The facility is planned to process 20,000 barrels of crude oil per day initially, with capacity targeted to rise to 60,000 barrels per day. Opportunities may emerge for engineering firms, industrial equipment suppliers, storage operators, logistics providers and downstream manufacturers. HPC can assist with supplier identification and project-partner development; the refinery is not yet reported as operational.

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