Oil refinery sets up asset valuation before deal by Asharami

The Kenya Petroleum Refinery Limited in Changamwe.

Photo credit: File | Nation Media Group

The Kenya Petroleum Refineries Limited (KPRL) has scheduled a major valuation of its assets, including land and machinery, ahead of a deal that will see the Nigerian-owned Asharami Synergy build a plant to handle imports of cooking gas.

KPRL said fixed assets to be revalued span various locations, including Changamwe, Kipevu, Shimanzi, and Nyali in Mombasa County and the Kuruwitu/Vipingo area in Kilifi County.

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