Essar buys into Mombasa refinery
Issue 131
- 25 Jan 2008
| 1 minute read
India’s Essar Energy Overseas has agreed to buy a 50% stake in Kenya Petroleum Refineries Ltd (KPRL) from Shell Petroleum, Chevron Global and BP Africa. The government holds the other 50% equity in the 4m t/yr Mombasa refinery. The shareholders had been looking to sell up because they were reluctant to finance a planned upgrade.
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