FORMER Indeni board chairperson Yamfwa Mukanga says it was not a good decision to turn Indeni Energy Limited into an Oil Marketing Company (OMC), adding that government should have first examined how the company could return to profitability. Mukanga, a former Energy minister, has also warned that reverting the company to a refinery without conducting a feasibility study will be costly. Last Monday, Secretary to the Treasury Felix Nkulukusa said the transition of Indeni Energy Limited from an oil refinery into an OMC was regrettable. He added that if time could be reversed, such a move would not have been allowed, noting that fuel trading required more resources and that it was not possible for government to raise sufficient capital...