Kenya extends deal with Gulf oil firms

Kenya Pipeline Company’s tankers at its Eldoret depot.

Photo credit: File | Nation Media Group

The government has extended the fuel import deal with three Gulf oil majors as the country races to meet the volumes of fuel that it negotiated to buy under the deal.

The Cabinet on Tuesday approved the extension but the timelines remain undisclosed, adding that the deal was critical in shielding the shilling from weakening further besides ensuring that Kenya is not plunged into supply disruptions like other countries.

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