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Kenya: Kenya Cancels Iran Oil Deal
Capital FM, 4 July 2012
Kenya has now cancelled a Memorandum of Understanding it signed with Iran last month for the importation of four million tonnes of Iranian crude per year. Read more »
Kenya has moved with speed to avert a diplomatic row with the U.S. and key western powers, while staving off the threat of facing international ... see more »
Oil rig: The cancellation was revealed barely hours after the United States warned the Kenyan government of possible sanctions following the decision to buy oil from Iran.
Government has not taken a decision on whether to reduce crude oil imports from Iran with a response expected in May, the Department of Energy has said. Read more »
A U.S.$250 Million loan has been awarded to Kenya Petroleum Refineries Limited to upgrade its oil refineries but it is not certain whether consumers will pay less for fuel. Read more »
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