Competition Authority of Kenya gives Total the nod to buy Gapco

However, the Competition Authority of Kenya (CAK) will require Total to retain Gapco’s current workforce, and continue sharing some of Gulf African’s petroleum products’ storage facilities with the industry.PHOTO: COURTESY

The local unit of French oil firm Total has received the regulatory nod to acquire Gulf African Petroleum Corporation (Gapco).

However, the Competition Authority of Kenya (CAK) will require Total to retain Gapco’s current workforce, and continue sharing some of Gulf African’s petroleum products’ storage facilities with the industry.