Zambia+Petroleum


 * It Is Virtually Certain China Will Not Invest In Zambia’s Petroleum Sector Due To No Proven Oil Reserves **

It is virtually certain China will not invest in Zambia’s petroleum sector. According to IHS Global Insight Zambia has no proven oil reserves but has a downstream oil industry. IHS identifies Zambia's Indeni Refinery at Ndola that has a capacity of 24,500 barrels per day (bpd) and inputs for products refined there are imported along a pipeline from Dar es Salaam in Tanzania. The first discovery of potential oil reserves was in October 2006; however the size of the discoveries were not identified. All petroleum products in the country are imported and they play a crucial role in running Zambia’s economy, specifically the agriculture, transport and mining sectors. Due to these factors it is virtually certain China will not invest in Zambia’s petroleum sector.
 * Executive Summary: **



Source Reliability: High Analytic Confidence: Medium