PTA Bank finances $109mln Zambia crude oil imports

LUSAKA, July 30 Wed Jul 30, 2008 8:02pm IST

LUSAKA, July 30 (Reuters) - The Pan-African PTA Bank has paid $109 million to finance the purchase of 90,000 tonnes of crude oil by Zambia following delays to agree a long-term deal with other financiers, a government official said on Wednesday.

Oscar Kalumiana, the acting energy and water development permanent secretary, also said Zambia plans a month-long closure of its sole Indeni Oil Refinery for routine maintenance in September.

(Reporting By Shapi Shacinda)

(Lusaka newsroom +260-977843609/260-955779523)

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