Parliament probes refinery sale
26 July 2013, 11:19
Nairobi - Parliament has launched investigations into the sale of Kenya Petroleum Refineries Limited (KPRL), following suspicions over how Essar Overseas Limited acquired shares from three oil majors.
According to Energy Committee chairman Jamleck Kamau, the separator was sold for $3 million (KES 258 million), the value of the land on which the facility is built, Business Daily reports.
The committee, which is assessing the proposed closure of the refinery, is led by majority leader Aden Duale who said the sale price was at a throw-away price by senior people in the previous government who benefited directly from the transaction.
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