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Tuesday, January 10, 2006

Looking for “Black Gold” in Zambia

From Croatia came the officials. They were here to discuss oil exploration with Zambian government and the possibility to set up a refinery in Zambia. The delegation was from the Industrija Nafte d.d (INA)

Energy and Water Development Minister Felix Mutati said Zambia was currently looking for stable fuel supply to partner with Government. On the drawing board is also the idea to set up a second refinery to supplement the Italian built Indeni Petroleum Refinery in Ndola on the Zambian Copperbelt. Mutati was happy that INA who had competences in oil exploring came to see Zambian officials.

But other investments potential exists in the energy sector. Mutati pointed out the development of the US$600 million Kafue Lower Power Station (KLPS) and the $150 million Itezhi-tezhi power station (IPS).

According to INA chairperson Tomislav Dragicevic his organisation was operating in 20 countries worldwide four of which were in Africa. His company was also seeking the possibility of joint ventures. And INA Africa regional manager Zdenko Dvorscak said his company which is a vertically integrated owns oil and gas companies from all over the world.


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