Indeni refiner in US$250 mln fillip-IDC’s Mateyo Kaluba
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…‘We could not agree on some of the terms’ By Jeff Kapembwa, Zambian Informer Zambia was to spend an initial US$250 million to acquire a hydro clinker component to treat sulphur during production of refined petroleum products at its incapacitated sole Indeni Refinery, Industrial Development Corporation (IDC) Chief Executive Officer (CEO) Mateyo Kaluba intimated in August 2021. Production at the over 37-year-old refiner has been reduced to 700 metric tons from its 1.1 million installed capacity following years of low maintenance, inconsistent supply of crude oil and investment in the project, resulting in intermittent shutdowns. Output decline prompted Government...