Oil marketers have moved to court to stop the government from a plan to import fuel on credit from the United Arab Emirates in a government-to-government deal to ease pressure on dollar demand.
The dealers through their lawyer Ndegwa Njiru say the plan by the government to pick a local oil marketer breaches the Open Tender System where marketers competitively bid for tenders. The oil firms allege there was no public participation and stakeholder consultation before the gazettement of the Petroleum (Importation) Regulations, 2023, thus breaching the Constitution.
The imports, which will come through a credit of six months and a year, are expected to ease a crisis in the foreign exchange market given that oil shipments account for 28 percent of Kenya’s monthly imports.
Sources familiar with the matter say Adnoc — the State-owned oil company of the UAE — will be supplying the fuel.
Wakati ya Moi, Biwott was energy minister, and he bought KenolKobil and gave it the exclusive tender to import fuel. The company became an untouchable cartel then. Hii students ya Moi want to replicate that so that they can also become billionaire oil barons.
dalbit,E3 and stabex will be the new king pins wakitumia national oil as main importer.
open tender system was introduced to give fairness to all oil marketers while bidding to export fuels .There is no sin in gova looking for best alternative abroad less costly fuel and therefore use national oil as the only importer and then sell to fuel marketers.
This will lower prices of fuel and its win win situation to wanjiku
Like I said, someone wants to match the financial muscle of the Kenyatta, moi and odinga within a span of 5yrs.
Wealthy people value class more than tribe or anything. Uhuru Kenyatta is more comfortable associating with Gedion moi than with rigathi gashagua.