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Kenya’s oil importers seeking more than 670,000T of oil products for July-August

NAIROBI: Kenya’s oil importers are seeking more than 670,000 tonnes of oil products for delivery over July-August, continuing its persistently high imports during the summer, industry sources said. Kenya has been importing record volumes of oil products as its economy gathers steam, soaking up some of Asia’s excess supply and helping put a floor under refining margins. Industrial expansion and ... Read More »

Kenya’s oil importers seek over 670,000 tonnes oil products for July-August

SINGAPORE: Kenya’s oil importers are seeking more than 670,000 tonnes of oil products for delivery over July-August, continuing its persistently high imports during the summer, industry sources said. Kenya has been importing record volumes of oil products as its economy gathers steam, soaking up some of Asia’s excess supply and helping put a floor under refining margins. Industrial expansion and ... Read More »

Kenya buys over 680,000 tonnes oil products from May to July

NAIROBI: Kenya’s oil importers have bought over 680,000 tonnes of oil products for delivery over May to July, about 20 percent more than their previous purchase, industry sources said. They bought 346,055 tonnes of 50ppm sulphur gasoil, 213,822 tonnes of gasoline and 123,541 tonnes of jet fuel for delivery into the Kipevu Oil Terminal and the Shimanzi Oil Terminal from ... Read More »

ECC decides to impose 5pc GST on LNG import to help Rs450b CNG sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import to bring Rs450b CNG industry out of crisis. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the meeting of the ECC here at the Prime Minister’s Office and considered the proposal for exempting LNG import from Gas Infrastructure Development ... Read More »