The Kenya Petroleum Refineries Limited is set to start directly importing oil after it entered into a 21 billion  shilling financing agreement with standard charted bank in a move that could see consumers enjoy the benefits of cheaper oil. The refinery will from next month start importing its own crude oil, making it easier to procure cheaper products. KPRL is also setting up its own diesel - powered electricity plant that will increase its efficiency, reducing delays in oil processing which have in the past caused back logs in delivery of fuel products resulting in occasional fuel shortages. The refinery has however pushed forward its modernization plans from 2015 to 2017 due to recent oil discoveries in Kenya and the rest of East Africa to enable it refine locally produced oil. Henry Githaiga reports.

More on This

Will Kenya's Refinery Upgrade influence Oil Price?

• KPRL Secures Sh21 Billion Loan to Upgrade Refinery
• Kiraitu's Move On Oil Import Wrong
• Refinery Plan May Push Up Pump Price
• KPRL Given Four Months to Become a Merchant

Sanctions Force Kenya to Scrap Iran Oil Deal

• Kenya Cancels Iran Oil Deal
• VIDEO: Kenya Cancels Iran Oil Deal
• Iran, Country Agree to Boost Trade Ties
• Iran VP, Ministers in Nairobi for Bilateral Talks