KPC has signed a 25-year crude oil storage and handling deal projected to generate Sh93.68 billion, raising concerns over the firm’s growing control of Kenya’s oil value chain.
A Gulf Energy outlet on Jogoo Road in Nairobi. [David Njaaga, Standard]
Kenya Pipeline Company (KPC) has quietly signed a 25-year crude oil storage and handling contract with Gulf Energy E&P BV, projected to generate up to Sh93.68 billion in gross revenue.
The deal places the fast-rising local firm at the centre of Kenya's long-delayed oil production ambitions.
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