Kuwait’s Independent Petroleum Group Company (IPG) is among ten international firms, including Glencore, which have tendered to supply oil to Zambia for a period of two years starting this year, it was announced at the weekend. Zambia in February invited tenders for the supply of 1.4m tonnes of oil after the expiry of a contract with Glencore under a two-year arrangement from March 2010. Hazel Zulu, the Zambia Public Procurement Agency spokeswoman said Mercury Energy Trading, Agipol Africa Limited, Gunvor and Crown Hill Investments Limited had also put in bids. Others also included KenolKobil, Trafigura, Vitol and Addax Energy, she told Reuters. \"The evaluation process should be concluded within 21 days,\" Zulu added.Zambia, Africa\'s top copper producer, imports all its petroleum requirements, mainly from the Middle East, through the port of Dar-es-Salaam in Tanzania. In January, IPG reported a net loss for 2011 of KWD6.06m (US$ 21.8m), compared to a net profit of KWD4.48m for the same period in 2010.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor