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National Oil, Rubis deal is a debt trap, House team warns

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National Oil petrol station along Haile Selassie Avenue in Nairobi on November 7, 2023. [File, Standard]

A high-stakes deal between the National Oil Corporation of Kenya (NOCK) and Rubis Energy Kenya has triggered a storm in Parliament, with lawmakers warning that the transaction could quietly hand over critical State assets to private interests-leaving taxpayers to foot the bill.

At the centre of the controversy is a Sh3 billion agreement signed early this year.

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