Petrocity Enterprises Ltd, a global petroleum trader has unveiled
a Ksh 1.5 billion oil terminal that is to be situated at Konza on the
Nairobi-Mombasa highway.
The refinery, whose construction commenced in January 2012,
will cater to the country’s growing demand for fuel by increasing supply of
petroleum products on the market.
Petrocity Managing Director Aman Kurji pointed out that the
country should go for pipeline transportation, which is far much cheaper than
truck transportation. Adoption of this form would save the nation Ksh 2 to Ksh
4 per litre thus reducing price at the pump.
The petroleum marketer will use an advanced stock-controlling
computerized system established by American Conglomerate Company Honeywell, to offer
oil marketers with instant and live stock standings.
The new strategic refinery will compliment the Kenya Petroleum
Refineries Ltd (KPRL) in Changamwe, Mombasa.
In other news, Kenol Kobil has issued a profit warning for
six months ending June. The Kenyan oil marketer has cited high financing costs,
foreign exchange losses, and falling international oil prices to the reduced
profit.
This is a depot not a refinery correct your article
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