Kenya extends oil supply agreement with three Gulf companies, Bloomberg News reports
Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil will continue to supply gasoline, diesel, kerosene and jet fuel to the East African nation under a 180-day credit plan.
Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf companies by two years and renegotiated lower margins, Bloomberg News quoted the country's energy regulator as saying.
Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil will continue to supply gasoline, diesel, kerosene and jet fuel to the East African nation under a 180-day credit plan, Daniel Kiptoo, the head of the Energy and Petroleum Regulatory Authority (EPRA), told Bloomberg News.
More To Read
- Fuel prices set to rise in 2026 following EPRA’s profit formula changes
- EPRA under fire for Sh20m advance payment on vehicles still in production
- Energy CS Opiyo Wandayi under fire as MPs question impact of Sh1.4 trillion oil deal
- Motorists demand full refund of road levies, say fuel price hike illegal
- Treasury CS John Mbadi explains why State shunned subsidy as fuel prices hike
- Pain at the pump as fuel prices rise in latest EPRA review
The contract extension will begin towards the end of 2025 after Kenya completes imports of previously agreed shipments, Kiptoo said. Kenya had previously extended the oil supply deal to the end of 2024.
Trade between Kenya and the UAE has more than doubled over the past decade. The UAE is the sixth-largest export market for Kenyan goods and its second biggest source of imports.
Top Stories Today
