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The Standard Group Plc is a
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State-run National Oil Corporation of Kenya (NOCK) says it would build a $500 million (about Sh42b) oil jetty in the port city of Mombasa, to cushion consumers against fluctuating international crude prices.
NOCK said on Friday it would upgrade its infrastructure, including its oil storage facilities to reduce the time ships carrying crude oil have to wait and the additional costs incurred.
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