KenolKobil #ticker:KENO has written off from its books an additional Sh200 million from a hefty debt owed to it by the defunct Kenya Petroleum Refineries Ltd (KPRL) as the oil marketer moves to fully disengage from a dispute dating back 16 years.
The oil marketer’s annual report shows it booked the impairment in the second half of 2016 in addition to Sh400 million written off in the first six months of the same financial year and Sh146.7 million in 2015.
