Imports of refined oil goods to hit 91,167MT
Written on January 3, 2010 – 5:23 am | by Admin
Kenya will this month import 91,167 metric tonnes (MT) of refined petroleum products under the open tender system (OTS).
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To do this will be Gulf Energy, which won the bid to bring in fuel on behalf of other marketers.
The firm will import 12,899 MT of petrol slated to arrive at Kipevu Oil Terminal in Mombasa from January 19 to 21 this year.
Basis of freight
According to results obtained by the Nation, Gulf Energy won the tender after submitting the lowest bid of $37.30 as the basis of freight and premium per barrel.
KenolKobil with a bid $16.85 will import 40,544MT of diesel with a date range arrival of January 29 to 31. The oil dealer will also import 34, 424 MT of jet fuel slated to arrive from January 22 to 24.
Under the OTS, a company that offers the best premiums for crude oil and refined fuel is awarded the contract for supply to other marketers.
Kenya Petroleum Refineries Ltd produces 50 per cent of the country’s refined fuel requirements and the balance met through imports.
Shell will, through Shimanzi Oil Terminal in Mombasa, import 3,300MT of diesel having bid $55. Oil tankers ferrying less than 10,000MT of refined fuel are required to discharge at Shimanzi.
Gulf Energy and Addax Petroleum will under the tender system import a total of 160,000 metric tonnes of crude oil to be processed by Kenya Petroleum Refineries Ltd.
Meanwhile, Kenya Pipeline Company on Tuesday said a tanker ferrying 49 million litres of diesel had docked and started discharging the consignment at Kipevu.
Fuel grades
Operations manager Phillip Kimelu said the cargo imported by KenolKobil was being pumped to Kipevu, adding that the State corporation is moving various fuel grades from Mombasa to Nairobi.
He said in an interview that KPC’s depot in Nairobi’s Industrial Area had 11.9 million litres of petrol, enough to last 11 days and four million litres of kerosene that is adequate for eight days.
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