Gulf majors shift to India, Belgium to save Kenya oil deal

India and Belgium have now emerged as key alternative source hubs for Gulf oil majors as they race to sustain supplies of petroleum products to Kenya amid transportation disruptions on key traditional routes related to the raging US-Israel war with Iran.

Kenya has a deal with Saudi Aramco, Abu Dhabi National Oil Company, and Emirates National Oil Company to supply petroleum products under a government-to-government (G-2-G) contract since March 2023.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.