The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.
Oil marketers may in future be required to import all their petroleum products under the system supervised by the Ministry of Energy and Petroleum, according to new proposals by the government.
In a bid to mainstream the process of acquiring petroleum products and importing them to the country, the ministry has drafted regulations that will compel oil marketers to resell the fuel in the country through the Open Tender System (OTS).
The system is overseen by the Petroleum ministry and pools together monthly demand for all oil firms in the country, that are then consolidated and one firm competitively selected to import as one cargo.
Facts First
This story continues on The Standard INSiDER. Subscribe now for unfiltered journalism that holds power to account.
Already have an account? Login
join