A subsidiary of Kenya Pipeline Company Plc has entered into a long-term crude oil storage and handling contract with Gulf Energy E&P B.V., the company announced.
A subsidiary of Kenya Pipeline Company Plc has entered into a long-term crude oil storage and handling contract with Gulf Energy E&P B.V., the company announced.
Under the agreement, Kenya Pipeline Company estimates gross revenue of approximately KES 93.68 billion (Kenyan shillings) over the 25-year term of the contract.
The deal extends Kenya Pipeline Company’s role in crude oil logistics, positioning its storage and handling infrastructure to support Gulf Energy E&P’s operations over the coming decades. Further details on the contract’s scope, storage capacity, and operational timeline were not disclosed.
