Last week, the Industrial Development Corporation (IDC) and Fujian Xiang Xin Corporation (FJXX) signed a landmark MoU that paves the way for the development of a US $1.1 billion state of the art crude oil refinery and integrated energy complex to be located in Ndola.
The planned facility will process three million tonnes of crude oil per annum, equivalent to about 60,000 barrels per day.This capacity will also provide enough refined product to satisfy Zambia’s entire current fuel demand and creating scope for future exports to neighbouring markets.
During construction, the project will generate about 2,200 jobs across civil works, mechanical and electrical installation, and logistics. Once operational, it will sustain roughly 600 direct positions and more than 2,000 indirect roles in plant operations, supply chain services, maintenance, and support functions, bringing total employment impact to well over 3,000 opportunities for Zambians.
Ground breaking is targeted for the third quarter of 2025, with commercial operations of the first phase expected in 2026.
GET MORE DETAILS IN CHANNEL AFRICA’S INTERVIEW WITH IDC CEO MR CORNWELL MULEYA BELOW…
