Zambia - Petroleum Sector Rehabilitation Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. 12607-Zh STAFF APPRAISAL REPORT ZAMIABT PETROLEUM SECTOR REHABILITATION PROJECT NAY 6, 1994 Industry and Energy Operations Southern Africa Department This document has a resticted distribution and may be used by redpient only in the performance of their officall duties. Its contents may not otrwise be disclosed without World Bank autho0izaion  Currency Equivalents (Annual Average Exchange Rates) Currencv Zambian Kwacha (K) US$1.00 = K 600 K 1.00 - US$ 0.002 1980 US$1.00 = K .79 1983 US$1.00 K 1.26 1984 US$1.00 = K 1.81 1985 US$1.00 = K 3.14 1986 US$1.00 = K 7.79 1987 US$1.00 = K 8.89 1988 USS1.00 = K 8.82 1989 US$1.00 = K 12.90 1990 US$1.00 = K 28.90 1991 US$1.00 = K 61.70 1992 US$1.00 = K171.00 1993 US$1.00 = K460.00 Currency Tanzanian Shilline (TSh) US$1.00 = TSh. 499 (exchange rate) TSh.1.00 = US$ 0.002 Weights and Measures 1 Metric Ton (MT) = 1,000 kilograms (kg) 1 Barrel (Bbl) = 0.159 cubic meters I Metric Ton of Oil (API 30) = 7.19 barrels 1 Ton of Oil Equivalent = 10 million kilocalories (39.7 million Btu) 1 Kilocalorie = 3.97 British Thermal Units (BTU) 1 Gallon = 3.785 Liters 1 Hectare (ha) = 0.01 square kilometer (2.47 acres) 1 Liter = 0.26 Gallon  FOR OFFICiL USE ONLY Abbreviations ADB African Development Bank AGIP Agip Petroli API Amecican Petroleum Insdute BP BP (Zaumbia) Limited bpsd barml per stream day BZ Bank of Zambia CAPC Centmal Afica Power Corporation BIB European Investment Bank BURR Economic Internal Rate of Return ESMAP Energy Sector Management Assi tanc; Progrmme DOE Depautment of Energy OlD Group Investment Dliector GRZ Govenment of the Republic of Zambia HFO Heavy Fuel Oil ICB Intemational Competitive Bidding Indeni Indeni Petroleum Company Limited kgIc kdlograms of oil equivalent MBWD Ministy of Enegy and Wate Development MF Ministry of Fmance NEC National Energy Council OMC Oil Marketing Companies OMCC Consortium of Oil Marketing Companies PIRC Privatization and Industrial Resrcuing Credit ROW Right of Way SPM Single Point Mooring toe tons oil equivalent tpa tons per annum Tazama Tazama Pipelines Limited ZA-,ICO Zambia PForetry and Porest Industries Corporation Limited ZCCM Zambia Consolidated Copper Mines Limited ZESCO Zambia Electricity Supply Company Linited ZIMCO Zambia Industrial and Mining Corporation Limited Z{MOIL Petroleum Procurement and Supply Division of ZIMCO ZOC Zambia Oil Company ZPA Zambia Privatization Agency ZR Zambia Railways Limied icalYr Government - January 1 - De