Kenya seeks UAE oil on credit to end fuel shortage

fuel prices, fuel subsidy, petroleum development levy
[Image source: Pond 5]


Business Daily | by John Mutua


Kenya is in talks to import a third of its fuel from the United Arab Emirates (UAE) on credit in efforts to cut the dominance of oil majors who have been blamed for fuel shortages.

Top officials in the energy sector told the Business Daily the negotiations will allow the State-owned National Oil Corporation of Kenya (Nock) to ship in 30 percent of the country’s diesel and petrol needs…

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