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The Kenyan government has said it will license the Uganda National Oil Company (UNOC), to import fuel directly through Kenya Pipeline Company (KPC). The license will be issued shortly, which is expected to bring to an end a major feud
The Kenyan government has said it will license the Uganda National Oil Company (UNOC), to import fuel directly through Kenya Pipeline Company (KPC). The license will be issued shortly, which is expected to bring to an end a major feud.
UNOC had targeted to start the direct importation in January. However, it faced an indefinite delay in the roll-out after failing to get a license from the Energy and Petroleum Regulatory Authority (EPRA). The Kenyan energy regulator explained it declined only because UNOC failed to comply with the law.
The feud reached the court when Uganda approached the regional court in December last year to fight for the license to get access to KPC’s infrastructure. The case by Royani Energy Limited, Acacia Ridge Construction, and two individuals filed at the Machakos High Court was withdrawn on March 22, which paved the way for a settlement out of court.
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Uganda kicked off plans for the direct imports deal through UNOC months after Kenya announced an agreement with the Gulf majors – Saudi Aramco, Abu Dhabi National Oil Corporation, and Emirates National Oil Company – to import fuel on a 180-day credit period to ease dollar demand and prop up the local currency, shilling.
