A parliamentary committee has poked holes in a revival plan for the National Oil Corporation of Kenya (NOC) over payment of Sh8.3 billion bank loans, amid a growing uncertainty over the deal seen as key to reviving the State-owned oil marketer.
The National Assembly's Committee on Energy faulted the ministries of Energy and Petroleum and National Treasury for lack of a plan on whether they will settle the loans that NOC owes KCB and Stanbic Bank or the liabilities will be transferred to a strategic partner.
