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Kenya Pipeline Company (KPC) is inching closer to taking over the defunct state-owner refinery in Mombasa as it bids to increase its storage capacity while ensuring the assets don't waste away.
Energy and Petroleum CS Davis Chirchir, who spoke in Mombasa on Wednesday, said KPC has the financial muscle to take over the assets of Kenya Petroleum Refineries Limited (KPRL), coming in with a strong balance sheet of over Sh150 billion.
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