- Zambia's Indeni Oil Refinery has offloaded four million litres of petroleum products to end a shortage of diesel hitting the Southern African country.
Indeni refinery, situated in the northern Ndola city, was forced to shut down operation for weeks after lack of cruel oil hindered oil production.
The refinery's officials said production has been on a 24-hour basis since last week. It has been receiving crude oil supplies from the Tanzanian capital Dar-es-Salam through a pipeline connecting the two countries which has ensured the resumption of production.
The refinery's shut down followed a sudden shortage of diesel and increase in the prices of all petroleum products by Zambia's Energy Regulation Board (ERB). Filling stations in Ndola had limited supplies, and therefore accorded preference to account holders, much to the anger of motorists.
Sylvester Hibajene, Chief Executive of ERB announced the fuel price increase. The price of diesel had been increased by K953 and petrol K1,103.
Mr Hibajene said the increase was necessitated by the high oil prices at the international market and the national currency, kwacha's depreciation against the US dollar.
"These increases are in line with the cost plus model which takes into account the cost of importing feedstock on cargo basis, among other things. "It must be emphasised that this adjustment is applicable to the current cargo, which docked in Dar-es-Salaam. The cargo enabled Indeni Petroleum Refinery to resume operations after it had shut down on 9th July 2008 due to lack of feedstock," said Mr Hibajene.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español