Zambia
Zambia has signed a landmark agreement to build a $1.1 billion crude oil refinery and energy complex in Ndola, marking a significant step toward energy self-sufficiency.
Announced Monday, the project will process around 60,000 barrels of crude oil per day — enough to meet the country’s entire current fuel demand and potentially supply neighboring nations in the future.
The refinery, to be located in Zambia’s Copperbelt province, is expected to drastically reduce the country’s dependence on costly fuel imports and save millions of dollars annually.
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.
01:25
Sudan's oil production dropped after South Sudan secession, finance minister says
01:09
China's Xi Jinping and Ghana's John Dramani Mahama pledge further bilateral relations
00:26
World's tallest bridge opens to traffic in China's Guizhou province
01:05
Trump pushes TikTok sale to American investors
00:55
Super Typhoon Ragasa hits Asia: floods, deaths, mass evacuations
Go to video
Nigeria lifts state of emergency in Rivers State after six months