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KPRL: Invite the Chinese to build a new refinery
mv_ufanisi
#1 Posted : Tuesday, September 28, 2010 12:13:45 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
In stead of the government getting hung on KPRL why don't they just invite the Chinese to build a new refinery and get an almost equal % ownership as they have in KPRL. This will likely improve the conditions in Kenya.
Indian companies are not reliable - corruption and disorganization are endemic - just look at the Commonwealth games.
Chinese can do this and do it well, they could even use it to refine some of the oil from South Sudan and sell it directly to us so we are no longer buying oil from the Arabs.
I'm tired of all this fuel shenanigans.
KulaRaha
#2 Posted : Tuesday, September 28, 2010 12:25:55 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Do we really need a refinery?

Imported refined fuel comes in at around 74 bob a litre, while locally refined stuff costs the oil cos 82.


Business opportunities are like buses,there's always another one coming
VituVingiSana
#3 Posted : Tuesday, September 28, 2010 12:47:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
The current refinery is ancient...

@mv - The refinery was in even worse shape before Essar came in. IMHO, Kenyans are more corrupt on a per capita basis than the Indians.

I saw the photos of the Commonwealth Village lakini, they have far better stadia than we do. We can't even hold a decent All-Africa games (remember the huge scams back in the day) let alone a Commonwealth Games!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mv_ufanisi
#4 Posted : Tuesday, September 28, 2010 1:51:28 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
VituVingiSana wrote:
The current refinery is ancient...

@mv - The refinery was in even worse shape before Essar came in. IMHO, Kenyans are more corrupt on a per capita basis than the Indians.

I saw the photos of the Commonwealth Village lakini, they have far better stadia than we do. We can't even hold a decent All-Africa games (remember the huge scams back in the day) let alone a Commonwealth Games!


@VVS the Indians are definitely more developed than us. I just think Chinese could do a much better job. They also have an interest in Sudanese oil which they could also refine here before shipping it off and we get some of it. WIn-Win.
VituVingiSana
#5 Posted : Tuesday, September 28, 2010 2:07:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
@mv - Why would the Chinese build a refinery in Kenya for Sudanese oil?

They would probably be better off building it there...

1) Local market
2) Cheaper to ship the finished White Oils to Lamu/Mombasa for export
3) Use the Black Oils & by-products in rapidly growing S.Sudan
4) They already have a investments in Sudan so a refinery in Sudan buys them additional heft.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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