Regulator dents oil firms’ hopes of Sh3.5b payout

The Government will not pay oil marketing companies (OMCs) for losses incurred because of the country’s inefficient refinery.

The companies had demanded a total Sh7.1 billion in compensation for what is technically known as yield shift losses, which refers to the variation between the actual crude processing yields and the expected yields. They have so far received Sh3.6 billion.