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Zambia signs $1.1B deal to build major oil refinery in Copperbelt

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Officials say the project aligns with Zambia’s long-term economic goals by boosting energy security, creating jobs, and strengthening regional trade links. Construction timelines and investors are expected to be detailed in the coming months.

Breakdown
  • Zambia signs a $1.1 billion agreement to build a crude oil refinery in Ndula.
  • The refinery will process about 60,000 barrels of crude oil per day, meeting national fuel demand. 14s
  • The project aims to reduce dependence on fuel imports and save millions of dollars annually. 27s
  • Officials highlight benefits such as job creation, energy security, and stronger regional trade. 38s
  • Further details on construction and investors are expected to be announced soon. 51s
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