T
Originally published by The Standard BusinessAugust 28, 2026
3h ago
State-backed Gulf Energy bags Sh93.68b oil storage deal
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...
✨ Key Highlights
The Kenya Pipeline Company (KPC) has signed a significant 25-year crude oil storage and handling contract with local firm Gulf Energy E&P BV.
- The deal is projected to generate up to Sh93.68 billion in gross revenue.
- Key organizations involved are Kenya Pipeline Company (KPC) and Gulf Energy E&P BV.
- This contract places Gulf Energy at the forefront of Kenya's delayed oil production initiatives.
Continue Reading
Read the complete article from The Standard Business
Advertisement
Advertisement