Kenya Imports Fuel Through a Government-to-Government deal
โโโโ๐๐๐ง๐ฒ๐ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐ฌ ๐
๐ฎ๐๐ฅ ๐๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ-๐ญ๐จ-๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ (๐๐๐) ๐๐๐๐ฅ. ๐๐ก๐๐ญ ๐๐จ๐๐ฌ ๐๐ญ ๐๐๐๐ง? ๐ฐ๐ช๐ธ๐ฆ๐ฆ๐ช
Kenya introduced a Government-to-Government (G2G) oil import arrangement in March 2023 after a dollar shortage disrupted fuel imports.
The system replaced the Open Tender System (OTS) and allows Kenya to import refined fuels such as petrol, diesel, jet fuel, and kerosene on up to 180-day supplier credit.
Suppliers include ๐ธ๐ฆ Saudi Aramco and ๐ฆ๐ช Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company (ENOC).
The initial agreement ran six months to September 2023 and has since been extended. The structure allows fuel to be sold locally before payment, easing immediate demand for dollars.
-Kenyan Wall Street
Kenya introduced a Government-to-Government (G2G) oil import arrangement in March 2023 after a dollar shortage disrupted fuel imports.
The system replaced the Open Tender System (OTS) and allows Kenya to import refined fuels such as petrol, diesel, jet fuel, and kerosene on up to 180-day supplier credit.
Suppliers include ๐ธ๐ฆ Saudi Aramco and ๐ฆ๐ช Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company (ENOC).
The initial agreement ran six months to September 2023 and has since been extended. The structure allows fuel to be sold locally before payment, easing immediate demand for dollars.
-Kenyan Wall Street