×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

UAE oil firm acquires Essar Petroleum in Kenya

NAIROBI: UAE-based oil firm Gulf Petrochem Group Wednesday announced it had acquired Essar Petroleum East Africa Ltd. The new entity has been renamed Aspam Energy (Kenya) Ltd.

The multi-million dollar deal will see Gulf Petrochem Group make an entry into the East African market at a time when the region is making significant developments in the energy sector.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in