Draft Petroleum News Today

Nock will, under the deal, import 30 percent of the country’s monthly petroleum requirements from August.

NAIROBI, Kenya, June 13 - A section of oil marketing companies has raised concern that the Government's proposal to allocate a 30 percent import quota to Kenya breaking news | Kenya news today |

The major fuel shortage experienced in the country in late March and early April had started in the North Rift and Western regions before spreading to other areas.

Top officials in the energy sector told the Business Daily the negotiations will allow the State-owned Nock to ship in 30 percent of the country’s diesel and petrol needs.

Over the last two weeks, Kenyans saw an ugly side of the key players in the country’s petroleum industry.

The entry of the government into the gas import and supply market will see the prices stabilised.

The State will import 30 percent of cooking gas through the National Oil.

Nock will be handed exclusive rights to import a third of all fuel products into the country, in changes aimed at protecting the parastatal in a deep financial crisis.

Nock could be handed a lifeline after the Petroleum ministry proposed that the company import nearly a third of all petroleum products consumed.

Nock could be handed a lifeline after the Petroleum ministry proposed that the company import nearly a third of all petroleum products consumed.