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5 years ago

The New Regulations Bound To Alter The Oil Sector In Kenya

Energy Regulatory Commission in Kenya is to alter the oil rules. The Energy Regulatory Commission announced its intention to issue new rules for importation and holding petroleum with an aim of eliminating speculators in the oil market. The new proposed changes in the oil and petroleum sector were to foster investment in the petroleum sector in Kenya. The rules in the oil industry have to be adjusted as they do not favour investments as they are.

The new rules to be issued by the Energy Regulatory Commission will also shift the oil storage mandate from Kenya Pipeline Company. There   Continue reading ...