Afran : Seven bid for Zambia 1.4 mln tonne oil supply tender
on 2010/1/16 11:02:59
Afran

20100115

LUSAKA (Reuters) - Seven foreign firms, including Kuwait's Independent Petroleum Group (IPG) have submitted bids to supply 1.4 million tonnes of petroleum feedstock to Zambia over two years, the procurement authority said on Friday.

The preferred cargo mixes for Zambia's Indeni Refinery and TAZAMA Pipeline operations and the Zambian market is a blend of standard export grade crude, naphtha or condensate and straight run gas oil, the tender document said.

The southern African country is the continent's top producer of copper and uses a lot of diesel in the mining operations that are the backbone of its economy.

IPG, whose deal for the supply of oil to Zambia expired last month, is competing with Lukoil International Trading and Supply Company (LITASCO) of Russia, Glencore Energy UK Ltd, Vitol SA, Trafigura SA, Addax Energy SA and Kenya's Gulf Energy Ltd.

"They are now given 21 days starting on Monday in which they should submit their evaluation and recommendations for award of contract," Shadreck Shawa, the head of purchasing at the Zambia Public Procurement Authority (ZPPA) said.

"We should be able to select the preferred bidder within a month because even if there are issues that will arise, these should be negotiated within two weeks," Shawa said.

The issues to be agreed with the winner would include the timeframe for the supply of the first cargo through the port of Dar-es-Saalam in Tanzania, the ZPPA said.

The 1,440,000 tonnes buyer's option will be brought in cargo lots of 60,000 to 90,000 tonnes at evenly spread intervals, according to tender specifications.

Shawa said BNP Paribas has given bid security amounting to $2 million each for IPG, LITASCO, Glencore, Vitol and Addax. Trafigura has a $2 million cover by ING Bank of Holland and Gulf Energy the same amount by PTA Bank.


Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.