13 shortlisted for $700m Oil supply contract(corrected)
THE Zambia Public Procurement Authority (ZPPA) says it will select final bidders for the procurement of crude oil and finished products next month. Zambia in February invited tenders for the supply of 1.4 million tonnes of oil after the expiry of a contract with Glencore under a two-year arrangement from March 2010.
ZPPA director-general Danies Chisenga says currently evaluations are in process for the firms that expressed interest to procure oil. Mr Chisenga said in an interview in Lusaka last week that the Ministry of Mines is evaluating the bids and is in the process of selecting the companies that will win the tender for crude oil and finished products.
“We expect the final bidders to be announced next month as soon as the ministry finishes the evaluations, the technical committee will report to us for the final report,” he said. Recently, ZPPA said 10foreign companies, including Glencore Energy UK Limited, tendered to supply oil to Zambia for a period of two years starting this year.
others are Mercury Energy Trading (SA), Agipol Africa Limited, Gunvor (SA) and Crown Hill Investments Limited.
The rest are KenolKobil Limited, Trafigura PTE Limited, Vitol SA, Independent Petroleum Group Company of Kuwait and Addax Energy SA.
ZPPA also said 12 companies had tendered for a separate contract to supply oil products, 217 million litres of diesel and 21 million litres of petrol to Zambia.
[Zambia Daily Mail]
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Whats the relationship between the title of this article and its contents? What have Euro bonds got to do with crude oil?
@1, I was eager to read too cause i haven’t seen this advert in our papers let alone international ones. I was wondering how they have done the shortlisting. LT, please stop embarrassing us.
Do you people know what the Eurobond is about and what an oil deal is about. Lusakatimes search and research when you put up the headlines. If you don’t know what you are talking about, keep quiet!
Ministry of Mines doing the evaluation?? I hope this wont be declared null and void by his honor the Minister for Energy. Lt this article needs to be corrected.
Interesting BBC documentary on Glencore this week. Makes one wonder which of this bunch are less murky. Use a fine tooth comb on this deal Zed. Now back to the Eurobonds…
Thanks for speedy correction LT. Had us scratching heads :)
ok now i cn read this article with fresh headline.
Why Ministry of Mines? Has HMCS scrapped the Ministry of Energy too?
Yes why Ministry of Mines Evaluating?
why not give uch contracts to zambian firms.
I would imagine the reason it has to go to one of the big honchos is because it is a very controlled supply chain. One would just wind up going to one of these or an agent of in order to get from the same source at a less negotiable price unless one has an ‘in’ somewhere. In which case one is buried inside one of the tenders and sitting pretty :)
‘I’m an oil man,’ said the stranger, ‘Any quantity you want. Cheap cheap.’ He smiled, ‘But pay fast my friend. I can see the gun boats heading this way on our ship’s radar. Well it is their ship but I took it from them last night so make it cash and I will give you the secret location where I will dock in an hour. Okay?’
I kinda prefer the tender :)
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