×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Gulf Energy sues Rubis contesting Sh4b refund

Rubis Energy Kenya petrol station along Koinange Street, Nairobi. October 27, 2020. [Elvis Ogina, Standard]

French multinational Rubis is engaged in a Sh4.1 billion legal dispute with Gulf Energy Ltd regarding its value in the 2019 buyout deal.

According to a court petition supported by the affidavit of Gulf Energy Chief Executive Francis Njogu, Rubis Energy Kenya is said to have recovered from servers and reformatted laptops of former employees information relating to the business of Gulf Energy using forensic data recovery specialists.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in