Energy Expert Chiko Mudenda says the declaration of a K28 million by Indeni Petroleum Refinery to the Industrial Development Corporation (IDC) shows that the company is finally managing its operation costs.

Mr. Mudenda is encouraging the company to consider upgrading its equipment system so that the company becomes more efficient and effective.

Mr. Mudenda says the declaration of K28 million dividend is a sign that the petroleum refinery company has become a viable business.

Mr. Mudenda says this shows that management is able to manage the company as seen with some of the positives coming from the petroleum refinery company.

He says the company has potential to even declare a higher dividend to the government through the IDC.

Indeni Petroleum Refinery has declared a K 28 million dividend to the Industrial Development Corporation (IDC) for 2017.