Govt dismantling $700m OMCs debt – Kapala
Published On April 18, 2023 » 813 Views» By Times Reporter » Business, Stories
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THE Government says it is working on dismantling the $700 million it owes to Oil Marketing Companies (OMC).
Energy minister Peter Kapala said in an interview that the government wants to dismantle the debt before it invests in other fuel projects.
Mr Kapala said the $700 million debt was accrued over a period of years under the previous government was hindering the current administration from embarking on new fuel projects.

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