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KENOL/KOBIL
Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Meanwhile,Kiraitu was under fire as he appeared before the parliamentary committee on Energy.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:KK also sells fuel CHEAPER than the rest on Tuesdays & Fridays! I think NOCK is in big trouble... LOL... How will NOCK sell the expensive diesel they imported? Are KK and others who refuse to buy it able to continue to operate sufficiently in the short-term future? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:KK also sells fuel CHEAPER than the rest on Tuesdays & Fridays! I think NOCK is in big trouble... LOL... How will NOCK sell the expensive diesel they imported? Are KK and others who refuse to buy it able to continue to operate sufficiently in the short-term future? Yes. Don't forget that the reason the OMCs are protesting the NOCK move is coz the fuel was loaded in Feb [& should have been delivered in Feb] whose price has been set already by ERC... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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GOK shot itself in the leg by regulating prices...with prices the same who will fuel at NOCK and how is NOCK suppose to achieve its mandate of selling cheap fuel.
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Rank: Member Joined: 8/17/2010 Posts: 116
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The management strongly belives that business visibility for 1st half 2011 F.Y, indicates a double digit growth in net profit for the 1st half 2011, compared to same period of 2010. PAT 1st half 2010 was 1.18b.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Kenya's KenolKobil diversifies to non-oil ventures LPG contribution to grow to 20 percent in 2011 * Diversifying to avoid interference by regulators http://af.reuters.com/ar...ws/idAFLDE72O14K20110325
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Hmmm. Property development. Seems KK wants a piece of the pie too GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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When even oil marketers forget their core business and dive blindly into property development, you most definatly know we are in a housing bubble.
I hope wen it burst it wount be to hard on kk.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Land iko Addis Ababa GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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I must say I'm quite worried about the diversification plans. Never lose sight of your core business. If you can't be the best in your core business, we are in trouble.
But I'll give JS the benefit of doubt, this is a glitch that will be resolved once the elections are over and we have real professionals running MoE. and subsequently the parastatals under it.
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