ENERGY Expert Boniface Zulu says the construction of a new Ndola petroleum refinery could strengthen energy security and increase investor confidence in the sector. Recently, government announced plans to construct a new petroleum refinery next to Indeni site in Ndola at a cost of $1.2 billion. In April, secretary to the Treasury Felix Nkulukusa said the transitioning of Indeni Energy Limited from an oil refinery company into an oil marketing company was regrettable. He added that if time could be reversed, such a move would not have been allowed, noting that fuel trading demands more resources and that it is not possible for government to raise sufficient capital for Indeni. In an interview, Monday, Zulu said the project would not...

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