Saturday, July 13, 2024
HomeRegionalKenya deports French oil firm CEO over fuel shortages

Kenya deports French oil firm CEO over fuel shortages

– –

The Kenyan government has deported Christian Bergeron, the chief executive of Rubis Energy Kenya – a subsidiary of France-based Rubis Group.

It follows the cancellation of the work permit of the CEO of one of the biggest oil marketers in Kenya over a fuel shortage.

The energy regulator has accused some oil marketers of withholding the supply of fuel to the local market and prioritizing exports to neighboring countries.

The regulator also warned that the companies would be punished by restricting the volumes of fuel they will be allowed to import for the next three months.

Kenya fuel companies sell about 65% of their imports to the local market and the rest to neighboring landlocked Uganda, Rwanda and the Democratic Republic of Congo.

– –

There has been a major shortage of the commodity in recent weeks across the country, with long queues forming in pump stations.

According to the Energy Ministry, Kenya has sufficient stocks of petroleum products and the scarcity is a result of some oil markerters hoarding and prioritising exports to neighbouring countries. This amounts to economic sabotage, it said.

“The government will not tolerate any entity or person that is causing distress by creating an artificial problem. Any entity that is not ready or willing to work within the framework of the laws of Kenya is invited to vacate this market promptly,” said Energy Minister Monica Juma.

Experts say the current crisis in Kenya has been caused by a delay in disbursing fuel subsidies owed to oil marketers.

– –

Kenya subsidizes fuel prices to cushion consumers from higher fuel pump prices.

But oil marketers have been complaining of delays by government to compensate them for government-subsidised prices they charge consumers.

The government released some of the delayed payments last week.

What the Global Oil Crisis means for Africa


Source: Africa Feeds

Maravi Post Reporter
Maravi Post Reporter
Op-Ed Columnists, Opinion contributors and one submissions are posted under this Author. In our By-lines we still give Credit to the right Author. However we stand by all reports posted by Maravi Post Reporter.
- Advertisment -

Most Popular

Recent Comments

Sylvester Movette zunda on Mali wedding attack kills 21
James Hastings Chidule on Malawi’ fistula recovery at 86%
WELLINGTON WITMAN MOSELIJAH LUNDUKA on The history of Ngoni Maseko in Malawi
Lisa Frank on Home
azw3 on Home
Define Regtech on Home
Tobias Kunkumbira on Malawi to roll out Typhoid vaccine
arena plus nba standings 2022 to 2023 ph on Home
David on Home
마산출장 on Home
Cristina Thomas on Home
Alicia Alvarado on Home
The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?