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Indeni Energy has asked government to allow it to operate like a privately owned Oil Marketing Company (OMC), as it claimed that current regulations on procurement were suffocating its operations.
Its Board Chairperson, Watson Lumba, laid the complaints before Finance and National Minister, Situmbeko Musokotwane, saying that government bureaucracy in procurement regulations was hampering company operations.
In his submission at the National Symposium on the 2024 budget in Lusaka on Tuesday, Lumba requested for the company to be allowed to operate as an independent firm.
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He claimed that these regulations had cost the company a loss of US$40,000 in tender to supply fuel to First Quantum Minerals (FQM).
“You told us minister which we accept and we are excited to be an OMC but now no capital, we are not crying about capital, our cry is the government regulation of procurement cannot work for a company like Indeni operating an OMC
“In our pursuit with an OMC, we participated in attender of FQM, the mine in Solwezi, we were given to supply some diesel, we applied to the Zambia Development Agency (ZDA) to allow us to procure that fuel to supply to FQM but because of the waiting time, we lost it” Lumba said.
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