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MOMBASA, KENYA: The Government is considering inviting bids for a new investor for region’s only oil refinery, or converting it into a storage plant, after co-owner India’s Essar Energy said it plans to exit, officials revealed Friday.
Essar said in October it would sell its 50 per cent stake in the Mombasa plant after its plans for a $1.2 billion upgrade were abandoned on the advice of consultants who said it was not economically viable.
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