Goverment reacquires Essar stake and now fully owns Kenya Petroleum Refinery Limited

The government of Kenya has entered into an agreement with Essar energy overseas limited, Essar energy holdings limited and Kenya petroleum refineries limited for the transfer of the shares owned by Essar in KPRL to the government. Prior to this transaction, Essar energy held 50% of the shares in Kenya petroleum refineries limited, KPRL. Through the agreement and the disposal of the shares, KPRL will now be 100% wholly owned by the government. The transaction is worth 50 million us dollars.

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