Latest Breaking News On - கேந்ய குழாய் நிறுவனம் - Page 12 : comparemela.com
Kenya: Oil Marketing Firms Seek Penalties Waiver Extension
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
The East African
Monday December 21 2020
Kenya’s ageing penalties were introduced in 2017 to encourage faster evacuation for steady supply of petroleum products from importation, discharge, storage to transportation. PHOTO | FILE
Summary
The push for an extension of the penalty waivers started in October when OMCs under the umbrella of the Supply Co-ordination Committee (SCC) wrote to KPC arguing that the business environment was yet to return to normal.
Advertisement
The Kenya Pipeline Company (KPC) is embroiled in a silent war with oil marketing companies (OMCs), who are demanding an extension on waivers of penalties accorded to petroleum products storage.
The penalties waivers were offered by KPC in March in the face of a decline in petroleum products demand due to the Covid-19 pandemic. They expired in September and OMCs are seeking to have them extended to the end of the year.
Exposed: KCB boss Joshua Oigara immersed in murky corruption waters
For many years, he has been touted as one of the best corporate Kenya players. His boyish smile, innocent looks, media-shy demeanour and obvious position in the country’s leading institution has given him extra-points and sense of importance.
Up until the boardroom wars emerged last week, the elevation of a Human resource Director to head a newly acquired affiliate and obvious dealings to please the government during the 2017 Elections and now at the centre of the 2022 Uhuru succession, everything seemed to run well.
In damning documents, KCB Joshua Oigara and powerful lawyer Adil Khawaja may have helped Deputy President William Ruto, launder over 2 billion shillings in just one year.
Trouble for idle Sh2bn Kisumu jetty
Monday December 14 2020
An aerial view of Lake Victoria showing the newly refurbished Kisumu Port (front) and Kisumu Oil Jetty (back). PHOTO | TONNY OMONDI | NMG
By EDWIN OKOTH
Summary
The Kisumu jetty, which has remained idle since February 2018, can only function once the Uganda facility is ready to allow evacuation of oil from tankers arriving from Kenya via Lake Victoria.
Now, Auditor General Nancy Gathugu said KPC will need to cut the value of the jetty in its books, arguing that it may not find use in coming months.
Kenya Pipeline Company (KPC) may be forced to devalue the newly-built Sh2 billion Kisumu oil jetty due to uncertainty over its use following delays by Uganda to construct its side of the docking facilities, the Auditor General has warned.
vimarsana © 2020. All Rights Reserved.