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KENOL/KOBIL
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2012
#1301 Posted : Thursday, February 10, 2011 3:54:21 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
jerry wrote:
Methinks the best option is to enjoin KK inthe ownership of KPC and let KK manage KPC until they(KK) recover their 4.6B. If the order is to auction, both KK and KPC will lose out. KPC will lose more than KK and KK cannot bid in the auction.


Never. The govt. can and should never allow that and has no choice but to come to their aid.

BBI will solve it :)
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milken
#1302 Posted : Thursday, February 10, 2011 4:02:14 PM
Rank: Member

Joined: 4/25/2008
Posts: 192
Location: Nairobi
I know most of you will rap me for saying this.
KK has no point in law and surely that award by Ahmed Nassir will be overturned by the courts. The fact that KK has a shippers agreement with KPC does not guarantee it exclusivity in so far a product storage is concerned. Had that award been made by a competent judge may be we would be talking.
Itari muting'oe ihuragwo ngi ni Ngai
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berbatov
#1303 Posted : Thursday, February 10, 2011 4:18:07 PM
Rank: Hello

Joined: 2/10/2011
Posts: 2
Location: berbatov
Oh yes !! Very good ^^"
The difference between people like to play. Holiday Palace play with Holiday Palace: he is not free and equal.
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jerry
#1304 Posted : Thursday, February 10, 2011 4:50:26 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
berbatov wrote:
Oh yes !! Very good ^^"

@berbatov; welcome to the powerhouse of knowledge. I suggest you join the fantastic fuNtaSEy market right away. @milken. How did they end up with Ahmed as an arbitrator? Did the court not uphold the decision arrived at in the arbitration process?
The opposite of courage is not cowardice, it's conformity.
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milken
#1305 Posted : Thursday, February 10, 2011 5:12:23 PM
Rank: Member

Joined: 4/25/2008
Posts: 192
Location: Nairobi
The shippers agreement provides for appointment of an arbitrator in case of a dispute before going to courts. In the absence on concurrence (not consultation) on who the arbiter should be, the agreement provides that the chair of LSK will be the arbiter. At the time that chair was Ahmed. It not only KK who were affected by ullage mismanagement but other oil companies decided that they had a weak argument when they looked at the agreement. However, JIS being the thug he is decided to sue KPC and the rest is history.
Itari muting'oe ihuragwo ngi ni Ngai
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mlennyma
#1306 Posted : Thursday, February 10, 2011 5:16:12 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
My 5bob purchase order incase this money flops.
"Don't let the fear of losing be greater than the excitement of winning."
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BGL
#1307 Posted : Thursday, February 10, 2011 5:31:55 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Gatheuzi
#1308 Posted : Thursday, February 10, 2011 7:12:10 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Let the assets be sold, I am a tax payer but perhaps we don't need some of these parastatals. It is just about time KPC learnt a lesson or two about respect for the law - just makes me wonder could KCB and other Triton finaciers have recovered their funds by attaching KPC assets?
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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jerry
#1309 Posted : Thursday, February 10, 2011 7:33:40 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
BGL wrote:
In as much as we want to make money....pushing greed to the extreme makes no sense at all!
As a taxpayer and many of you here, if KK goes ahead to attach KPC assets we will only make the situation even worse.
mark my words! KK gets absolutely nothing from taxpayers money (KPC) i am a taxpayer.

@BGL;But then KPC should be run professionally for the benefit of all stakeholders. Having said that, I think KPC should generate revenue so that the taxes you pay are less. It should not be funded by taxes, instead it should be run to generate income to the exchequer!
The opposite of courage is not cowardice, it's conformity.
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BGL
#1310 Posted : Thursday, February 10, 2011 7:45:23 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
KPC is 'TOO BIG' to go under! I think as long as it remains a parastatal it will continue to be mismanaged and the guts to label the demands of KK as wishful thinking.

Privatisation either via the NSE or strategic partner should bring in some professionalism.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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