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- KRA's Simba System is down!
- "Ghost" firms allocated ullage at KPC
- Kenya's Oil Industry - The Unholy Trio
- Petrol Shortages in Kenya - May 2011 Part 6
- Kenya Pipeline Company - Bankrupt? May 2011 Update...
- Petrol Shortages in Kenya - May 2011 Part 4
- Kenya National Budget 2011. Your Budget.
- A new Stock Exchange for Nairobi
- Rent - Price Controls
- Petrol Shortages in Kenya - May 2011 Part 3
- Uganda is a country in Africa
- Petrol Shortages in Kenya - May 2011 Part 2
- Petrol Shortages in Kenya - May 2011
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Thursday, May 12, 2011
- Total Uganda 2,911 MT
- Libya Oil Uganda 345 MT
- Shell Uganda 1,750 MT
- KenolKobil 1,000 MT
- Gulf Energy 2,632 MT [Yes, that Gulf]
Wednesday, May 11, 2011
Monday, May 09, 2011
9 May 2011: MoE floats an "Emergency" Tender for the supply of 47 million liters of petrol through OTS [35,000 MT] for delivery between 17-21 May.
So the questions/observations are as follows:
- Why float an Emergency Tender if there is plenty of petrol in the system? Kenya uses 3mn liters of PMS then 67/3 = 22 days of petrol.
- Emergency Tenders tend to be pricier since the 'urgency' means paying higher rates for a ship or cargo than under normal circumstances.
- If the purchase/delivered price uses the May PLATT average (higher than April PLATT average price) then Kenyans are in for another price hike come 15 May 2011 for petrol.
- Which firms products [especially PMS] are clogging the KPC system?
- Why haven't these firms been forced to evacuate the products from KPC tanks?
- Will these firms be allowed to bid for the Emergency Tender?
- What if these firms bid, win & supply the products ALREADY in the KPC tanks?
With private imports by individual marketers restricted, all players must patiently wait to get supplies from the next OTS tender, even when their customers want more.
The only exception are the rare cases where politically-favoured importers are allowed to bring in product from outside the system.
Access to the only pipeline is regulated by an ullage committee under the oversight of the ministry of Energy.
Another interesting article from The Standard
For instance, it emerged on Wednesday that of the 19 million litres of petrol sitting in KPC tanks as wananchi were suffering, the largest proportion belonged to trading companies with no marketing outlets.
They were Addax Kenya Ltd, Royal Energy Ltd , Gulf Oil and an importer who signed as “one time vendor”.
How these small players came to hold so much petrol within KPC’s systems at a time when the rest of the industry was dry remains a puzzle.
The Ministry of Energy co-ordinates the so-called ullage committee that decides how to allocate space in KPC storage facilities to oil companies.
Sunday, May 08, 2011
soita shitanda [he who did not want to give up his taxpayer funded mercedes] wants to cap rents. Another bad idea that can stifle creativity & investment!
- Legal Names for both Landlord & Tenant
- PINs for both Landlord & Tenant
- Clear description of the Leased Premises including physical address, as detailed as possible, including Land Registration Number & flat/unit number
- An address or account where the Rents are to be deposited & due dates
- How the payment must be made [Should be anything but cash for a better trail e.g. cheques cleared by banks, M-Pesa has reference number, etc]
- Receipts to be issued [mandatory] for all payments by whatever means.
- All information to be verified/certified by both parties
- What is included e.g. Club House, Askari, etc
- What is not included or requires an additional payment e.g. Askari, Club House, etc
- Estimated Land Rates & who is responsible [typically the Landlord]
- Maximum number of occupants.
- Photos or verification of condition prior to Leasing
- Unique 'serial numbers' for each SFA [to reduce fraud]
- If any commissions were paid by either party, then reported on the form to who & how much.
- The agreements should be filed with KRA so all tax information is captured [KRA needs to build a database to capture this information]. Also helps with reduction of fraud.
- Length of the Lease
- Rental Payments (Amount)
- Due Dates
- Notice of Termination e.g. minimum of 45 days for each party
Friday, May 06, 2011
If he is unable or unwilling, He should be fired. But does Kibaki have the balls to fire his longtime friend?
'True it is,' wrote Charles Dudley Warner in 1850, 'that politics makes strange bedfellows.'
@KW: - Is OTS an effective method of importing oil for the country? From quality, quantity and cost perspective?
- Are there any penalties applicable to importers/OMC's who hog storage?
Not as such but there seem to be some new rules being put into place about evacuation from KPC storage tanks.
Wednesday, May 04, 2011
I think these are Chinese manufactured crowd control vehicles [end of the clip seemed to be some guys who delivered the vehicles]. I guess if you want advice from rulers who know how to kill their own people, ask the chinese.
So museveni 'forgives' a corrupt & inept former head of NSSF for blowing UGX 8,000,000,000 [8 billion] since she did not have the managerial skills! [Bakoko Bakuru then ran away to the USA]
Please let me have your thoughts on this!
2. What inside info is this that the OMC benefitted from, (3) and how did they benefit?
4. Where is NOCK in all of this, don't they exist to prevent exactly against this kind of scenario?
5. Why is the shortage only in Nairobi, I know for a fact rift valley has no problems.
7. So we can blame KPRL then?
8. Isn't diesel and kerosene also refined from crude, how come there is no shortage of these fuels?
9.and most importantly... WHO exactly is benefiting the most from this... since this is the person we can most likely blame.
Tuesday, May 03, 2011
He went on to explain that storage facilities in Mombasa were full and a vessel that was discharging super petrol on Thursday was forced to leave the berth after offloading only 30 metric tonnes as the tanks could not take any more products.