Zambia+Petroleum+and+Natural+Gas


 * It Is Highly Unlikely China Will Invest In Zambia’s Petroleum And Natural Gas Sector Sector Due To No Proven Reserves **

It is highly unlikely China will invest in Zambia’s petroleum and natural gas sector due to no proven reserves. 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 agric ulture, transport and mining sectors. Due to these factors it is virtually certain China w ill not invest in Zambia’s petroleum sector. It is virtually certain China will not invest in Zambia’s natural gas sector; according to IHS Global Insight Zambia has no proven natural gas reserves.
 * Executive Summary: **



** Analytic Confidence: **
Analytic confidence is high. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet.


 * Analyst: ** James Gibson