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In a recent development that is poised to reshape Kenya’s oil and gas landscape, the Government of Kenya recently gave the green light for the complete transfer of Kenya Petroleum Refineries Limited (KPRL) shareholding to the Kenya Pipeline Company (KPC). This strategic move, aimed at consolidating operations within the sector, marks a pivotal moment in the nation’s petroleum sector trajectory.
The ceremonial handover of the share certificate took place recently at KPRL offices in Mombasa, in the presence of key figures from both KPC and KPRL boards. Faith Boinett, Chair of the KPC Board, expressed optimism about the prospects this move holds for Kenya’s petroleum ambitions, stating, “The full transfer of KPRL’s shareholding to KPC signifies a bold step towards maximizing our nation’s oil and gas potential. This consolidation aligns with our vision of positioning Kenya as a leading player in the regional energy landscape.”
Echoing these sentiments, KPC Managing Director, Joe Sang, emphasized the strategic importance of leveraging KPRL’s assets to drive Kenya’s emergence as a regional oil and gas hub. Sang remarked, “This initiative underscores our commitment to harnessing the synergies between KPC and KPRL to bolster our nation’s petroleum infrastructure. By consolidating our efforts, we aim to enhance operational efficiency and unlock new opportunities for growth and development.”
Lilian Mahiri-Zaja, Chair of the KPRL Board, hailed the move as a testament to the government’s unwavering commitment to advancing the nation’s petroleum agenda. “The full transfer of KPRL’s shareholding to KPC heralds a new era of collaboration and innovation within the sector,” Mahiri-Zaja affirmed. “This strategic alignment will not only bolster operational efficiency but also reinforce Kenya’s position as a key player in the regional petroleum landscape.”
Joseph Ndoti, Acting Managing Director of KPRL, emphasized the importance of ensuring a smooth transition process to maintain operational stability. “As we embark on this transformative journey, our priority remains the well-being of our employees and the seamless integration of our operations,” Ndoti stated. “We are fully committed to upholding the highest standards of operational excellence and service delivery throughout this consolidation process.”
Following the official handover, both institutions convened a townhall meeting with KPRL staff to address any concerns and provide assurance regarding job security. This engagement underscores the commitment of KPC and KPRL to prioritize the welfare of their employees amidst the transition.
The full transfer of KPRL’s shareholding to KPC marks a significant milestone in Kenya’s petroleum sector evolution, signaling a new chapter of collaboration, efficiency, and growth. As the nation continues to chart its course towards petroleum self-sufficiency and regional leadership, this strategic move sets the stage for a transformative journey in Kenya’s petroleum landscape.