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Read fine print on Kenya-Essar oil refinery partnership

The time may have come for the Government to terminate its partnership agreement with Essar Energy Overseas for failing to honour its promise to modernise the Kenya Petroleum Refineries Limited.

The Indian company bought a 50 per cent stake in Kenya Petroleum Refineries Ltd four years ago from a consortium of BP, Shell and Chevron, three foreign investors who were reluctant to invest any money into the upgrade.

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