Kausha wrote:Immmaculate is twat of a journalist and embarassment to her teachers. KK did 4.7m cubic meters of oil in 2012. Lets assume 2m cubic meters was OTS going through KOSIF ullage. Then how would a company that does 2.7m cubic meters in other words 2.7m tonnes of fuel in 10 african countries have 5,000 cubic meters of storage space in Kenya. Is she suggesting the rest of the oil is traded via text or email ama?
The thing is KK has been the only brave oil marketer fighting the REAL cartels at the ministry of energy and KPRL who want to profit for no investment. The one company that is going to shut for sure is KPRL. It owes marketers 7B and karambu ackowledges that much so how is it that she didn't find that a story worth verifying of providing more details?
That article was poorly researched. And I am being polite. 5,000 m3 of diesel storage [in its largest market] is peanuts for KK which has 93,500 m3 of storage in the region! KK & KPRL will eventually meet in the middle but for now KK stations are doing OK despite a few hitches. I am sure many briefcase dealers would be happy to get 1/- a liter from KK to access fuel from the OTS or even KPRL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett