Keter eyes lower oil prices under expanded reserves

Energy and Petroleum Cabinet Secretary Charles Keter. FILE PHOTO | NMG

Kenya’s petroleum reserves will now more than double to cover a month after Kenya Pipeline leased the moribund Changamwe-based refinery as a storage facility.

Kenya Pipeline on Wednesday signed a three-year contract with Kenya Petroleum Refineries Limited as part of a plan that will see the plant transferred to the State-owned oil transporter.

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