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

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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