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The transfer of Kenya Petroleum Refineries to Kenya Pipeline is facing delays, the Government has admitted. Energy and Petroleum Cabinet Secretary Charles Keter said the Government is undertaking due diligence to clean the books of KPRL before the transfer.
He said KPC has commissioned an audit to help unravel the complex web of transactions the refinery has undertaken over the years and establish its genuine debtors and creditors. The firm has appointed PricewaterhouseCoopers (PWC) as transaction advisors to carry out an audit of KPRL’s assets to determine the value of the company before it is taken over.
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