Gulf oil companies rejected a proposal to use the National Oil Corporation of Kenya to import fuel on credit due to its poor cash position, forcing the State to allow them to nominate their preferred dealers.
Industry sources privy to the talks, which started in September last year disclosed that Saudi Aramco, Emirates National Oil Corporation (Enoc) and the Abu Dhabi National Oil Corporation Global Trading Company (Adnoc) refused to do business with the State-owned entity.
