02 September 2013, Lusaka – With the persistent fuel shortage in the country, government has moved to dilute the discontent by saying they are close to raising US$ 410 million for establishing a new oil refinery company.
Energy minister Christopher Yaluma said the Patriotic Front government was aware of the shortage of fuel but the problem was being addressed.
“Government is closing in on raising US$410 million for a new oil refinery as we try to find a lasting solution to the fuel situation in the country,” Yaluma said.
“We are also looking to find a 49 percent stake buyer of Indeni as we hope to make it more efficient in meeting the demand in the country.”
The country is currently experiencing a sporadic fuel shortage with motorists having to hop from several filling stations before getting luck with the commodity.
– Zambia Reports