SECRETARY to the Treasury Felix Nkulukusa says the transitioning of Indeni Energy Limited from an oil refinery company into an oil marketing company is regrettable. He adds 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. Appearing before the Committee on Parastatal Bodies, Tuesday, Nkulukusa said Indeni should be repurposed because it cannot manage fuel trading. “Obviously our feeling from the treasury or my feeling is that probably Indeni should be repurposed, they cannot do fuel trading. Fuel needs enormous resources not only in buying the fuel itself but investment in human technology so...