CS Wandayi: Kenya eyes new fuel sources despite Middle East G-to-G deal
Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil firms are free to look beyond war-torn Middle East...
✨ Key Highlights
Kenya's Cabinet Secretary for Energy and Petroleum, Opiyo Wandayi, stated that the nation's current fuel supply is secure despite ongoing unrest in the Middle East, as the Government-to-Government (G-to-G) fuel importation deal allows suppliers to source products globally.
- The G-to-G arrangement, implemented in March 2023, allows for deferred payment of 180 days for petroleum, diesel, and jet fuel.
- Suppliers Saudi Aramco, Abu Dhabi National Oil Company, and Emirates National Oil Company are permitted to source fuel from outside the Middle East.
- Despite the blockade of the Strait of Hormuz impacting global oil trade, Kenya has maintained adequate fuel stocks and avoided queues at petrol stations.
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