Rubis to get 30pc of fuel sales profits in National Oil rescue

Rubis Energy Kenya fuelling station at the United Nations Avenue in Gigiri, Nairobi.

Photo credit: File | Nation Media Group

Rubis will get 30 percent from the profits of fuel sales that the National Oil Corporation of Kenya (Noc) will be making as part of the deal where the French oil major has agreed to inject Sh6 billion to revive the Kenyan oil company.

This is the revenue-sharing model agreement in a deal where Rubis has come in as a non-equity strategic investor to inject billions of shillings in a bid to jumpstart the cash-strapped Noc.

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