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Tag: KPRL

  • KPC to absorb KPRL workforce after takeover

    KPC to absorb KPRL workforce after takeover

    All the employees of the defunct Kenya Petroleum Refinery Limited (KPRL) will be absorbed by the Kenya Pipeline Corporation (KPC).

    Speaking during a tour of the facility Wednesday, Energy Cabinet Secretary Davis Chirchir said KPC is working on a plan to revive the dormant oil refinery which was acquired by the government from Indian oil giant Essar.

    The Cabinet approved the acquisition of KPRL by KPC on July 18 this year in a moved aimed at increasing fuel supply across the country.

    Mombasa Governor Abdulswamad Nassir noted that the county will work closely with the KPC engineers on approvals when it comes to urban planning and works that need to be done on the facility.

    Chirchir challenged the KPC officials to hasten their business investment model since the facility is strategic investment that will bring economic fortunes to the country.

    The defunct state owned petroleum refiner sits on a 370 acre piece of land in Mombasa County.

  • Kenya Pipeline cleared by cabinet to acquire KPRL

    Kenya Pipeline cleared by cabinet to acquire KPRL

    The Cabinet has given the Kenya Pipeline Company (KPC) the go-ahead to acquire Kenya Petroleum Refineries Limited.

    The Cabinet Office, the acquisition of the country’s strategic petroleum refinery will enhance petroleum fuel supply chain which is a major contributor to rising fuel prices.

    “This State intervention is expected to enhance petroleum supply chain infrastructure and thereby result in security of supply and cost-efficiency through reduced demurrage costs and enhanced
    penetration of LPG usage in the country through the development of LPG bulk import handling and storage facilities,” a dispatch from the office stated.

    The acquisition of the facility which has remained underutilized with only the storages working is further backed to foster synergy in the petroleum value chain by optimizing the use of our
    existing downstream petroleum infrastructure.

    After ceasing crude oil processing, KPRL signed a deal with KPC to use its storage facilities which can handle LPG, premium petrol, dual purpose kerosene, automotive gasoil and fuel oil.

    The Tuesday sitting also approved the vacation of the 30pc minimum threshold for local shareholding in foreign ICT firms as contained in the ICT Policy.

    “The policy shift is geared towards facilitating technology and
    knowledge transfer as well as to aid the expansion of the digital economy by positioning the country for increased foreign investments in technology as envisioned in the Administration’s Bottom-Up Economic Transformation Agenda (BETA).”