Zambia seeks financiers for three-year oil supply tender

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Zambia is looking for financiers for the import of 1.4 million tonnes of semi-processed oil for a period of three years, the ministry of finance said on Wednesday.

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The government also advertised for expressions of interest to provide a revolving financing facility for the import of diesel and petrol for the same period, it said in a statement.

“These financiers are going to provide the money upfront. The PTA Bank is the financier for the existing facility,” energy minister Christopher Yaluma told Reuters.

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The financing would cover the import of semi-processed oil shipments which would be delivered in cargo lots of about 90,000 tonnes every 45 days, the ministry of finance said.

In 2012 commodities trader Trafugura was awarded a $500 million contract to supply semi-processed oil to Africa’s second largest copper producer for a period of two years.

Reuters

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1 COMMENT

  1. Hello,

    where can we have more details about this tender for financing? any downloadable document?

    thanks and regards

    joe

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