Kenya is in discussions to purchase a third of its petroleum on credit from the UAE, aiming to reduce the dominance of oil companies responsible for fuel shortages.
The deal will enable National Oil Corporation of Kenya (Nock) to import 30% of the country’s diesel and petrol.
Nock will be expected to sell most of the UAE shipment to tiny independent dealers, who have lately been shut out from the wholesale market, contributing to the country’s crippling gasoline scarcity.
Unprofitable for independent players that don’t import and purchase supplies from the large players due to a state subsidy imposed to relieve fuel expenses.
Because smaller independent gasoline sellers control 40% of the market, t