Zambia has conducted a groundbreaking ceremony for the construction of a new 60,000 barrels-per-day crude oil refinery in Ndola, estimated at $1.1 billion.
This development marks a significant step toward strengthening the country’s energy security and advancing its industrialization agenda.
The project is being executed by Zambia Petrochemical Energy Company Limited (ZPEC), a joint venture between the Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin Corporation (FJXX).
Speaking at the ceremony in Ndola District, Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga, MP, emphasized the importance of the project, stating that it represents a major milestone in Zambia’s industrial and economic transformation.
“This project sends a clear message that Zambia is open for business and ready to partner with serious investors,” Hon. Mulenga said. He highlighted its potential to reduce reliance on imported petroleum products, support downstream industries, and create jobs.
Energy Minister Makozo Chikote echoed these sentiments, noting: “Under President Hakainde Hichilema’s leadership, we are attracting private sector investment into Zambia’s energy sector. We are creating an environment that encourages private sector participation, demonstrating our commitment to a privately driven economy.”
The project is expected to create over 2,200 jobs during the construction phase, with many more sustained afterward. Local Zambians are set to benefit from employment opportunities and skills transfer.
Copperbelt Province Minister, Hon. Elisha Matambo, welcomed the initiative, stating: “The provincial administration is committed to supporting such investments and ensuring a conducive environment for their success.”
Industrial Development Corporation CEO Cornwell Muleya added that the project would drive industrialization, create jobs, and benefit local communities through corporate social responsibility programs, transforming Ndola and surrounding areas.
Mr. Huang Tieming, Chairperson of Fujian Xiang Xin Corporation (FJXX) and ZPEC, said: “As a key land-linked country in Southern Africa, Zambia’s industrial, transport, and agricultural sectors continue to expand, driving increased demand for refined petroleum products. Once completed, this refinery will significantly reduce Zambia’s reliance on imported fuels, ensure a stable supply of gasoline and diesel, and create substantial employment opportunities.”
A representative of the Chinese Embassy in Zambia, Mr. Wang Shen, noted that the refinery reflects the longstanding relationship between Zambia and China.
“It will further strengthen the foundation of Zambia’s industrialization and modernization while increasing the value addition of energy and chemical products,” he said.
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