Kenya turns to Iran for oil despite embargo
Kenya has turned to Iran  a country facing crippling economic sanctions from the West over its reported nuclear weapons ambition  to secure long-term fuel supply contracts.
Kenya Refinery secures Sh21bn from bank for crude imports
Kenya Petroleum Refineries Ltd (KPRL) has secured a Sh21.2 billion loan from Standard Chartered Plc, giving it the financial muscle to start importing its own crude from July 1.
Read more: Kenya Refinery secures Sh21bn from bank for crude imports
MPs want Sh2bn boost for National Oil
Members of Parliament have proposed a Sh2billion boost for the National Oil Corporation (Nock), for it to expand its retail business and shield Kenyans from exploitation by cartels in the petroleum industry.
Reprieve as National Oil reduces pump prices
Motorists have a reason to smile at least for the next one month after National Oil reduced its pump prices.
The firm has reduced the fuel price of Super Petrol by Sh2 to retail at Sh119.10 and Diesel by Sh1 to retail at Sh107.40 for Nairobi consumers. Prices for other towns have been adjusted accordingly.
