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Wednesday, May 11, 2011

Kenya Pipeline Company - Bankrupt? May 2011 Update

This was my earlier post on KPC's impending bankruptcy...

Glencore wants $40 million from KPC for products that 'disappeared' while under KPC's watch!

KenolKobil has a case winding its way through the courts for KES 4-6 billion [depending on the version]. KPC has appealed the verdict to award KK loads of moolah but KK has doggedly refused to be intimidated by KPC, MoE or other goons!

It is just a matter of time before KPC is forced to enter into a settlement with the various litigants!

2 comments:

bankelele said...

If Anglo Leasing is still getting paid, Glencore will too.

Thank You Smiling Swiller

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