Saudia leads UAE in oil exports to Kenya
SEE ALSO :Audit report paints wastage in assemblyThis pushed up the share of Saudi’s oil imports to 38 per cent in 2018 compared to 25 per cent in 2017. However, the UAE’s price declined from 38 per cent in 2017 to 33 per cent. Kenya’s petroleum import in 2018 was Sh349.6 billion compared to Sh282 billion in 2017. A mad-rush for cheap oil from Saudi Arabia saw the value of imported black gold from Riyadh increase by 61 per cent to Sh111.7 billion in 2018. This was a significant increase compared to petroleum products worth Sh69.3 billion imported from the Gulf State in 2017, according to KNBS data. The reduction of Murban crude allocations became effective in March. The reduction was in line with “the UAE’s continued commitment to the OPEC and non-OPEC ‘Declaration of Cooperation,’” the country’s energy minister Suhail Mohamed Al-Mazrouei confirmed in a Twitter message. Murban crude is the main onshore grade for ADNOC, while its offshore grades include Das crude – a newly introduced high-quality crude blend from the Umm Shaif and Lower Zakum oilfields – and Upper Zakum. “In March, ADNOC will reduce its Murban crude allocation by 25 per cent. Customers have been notified accordingly by ADNOC,” Al-Mazrouei tweeted. Nonetheless, Kenyans paid a higher price for a barrel of oil from Saudi Arabia, after it also joined other major crude producers to cut supply.
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