Business

State-backed Gulf Energy bags Sh93.68b oil storage deal

standardmedia.co.ke 29 Aug

Kenya

State-backed Gulf Energy bags Sh93.68b oil storage deal — Sources: standardmedia.co.ke

KPC has signed a 25-year crude oil storage and handling deal projected to generate Sh93.68 billion, raising concerns over the firm's growing control of Kenya's oil value chain.

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