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Court records indicate KPC, which was recently privatised, has paid Zakhem more than Sh2 billion in interest as the battles drag on.
The National Infrastructure Fund has received the first seed money of Sh103 billion the National Treasury has earned from the sale of the 65 per cent stake in the Kenya Pipeline Company.
Activist Francis Awino files petition seeking removal of Energy CS Opiyo Wandayi over alleged involvement in irregular procurement, importation of substandard fuel valued at Sh4.8b.
Sang was arrested on Thursday, April 2 in connection with an investigation into substandard fuel.
Kenyans missed a valuable opportunity when the State sold Kenya Pipeline Company to fund future projects, illustrating the cost of failing to recognise national assets’ true worth.
The Kenya Pipeline Company could be compelled to pump billions of shillings to convert some of its facilities in Mombasa to handle crude oil from Lokichar in Turkana County for export.
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