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VituVingiSana		#1191 Posted : Tuesday, December 21, 2010 8:03:12 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi		KK has thrown down the gauntlet... I think KK might stay out of bidding for importation of Crude/Fuel for Dec 2010, Jan 2011... then MoE will see dust... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Fomoney		#1192 Posted : Tuesday, December 21, 2010 8:38:50 AM
Rank: Member Joined: 7/9/2006 Posts: 79		@VVS I think moe is being populist, businesses have to pass such costs to consumers coz that's the way business works. Or else the govt should cover such costs if they want to control costs. The Kenya govt has no idea or moral authority to dictate what businesses do. They've never been successful running anything. For heavens sake, they can bankrupt monopolies.
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jawz1		#1193 Posted : Tuesday, December 21, 2010 8:58:31 AM
Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi		VituVingiSana wrote: KK has thrown down the gauntlet... I think KK might stay out of bidding for importation of Crude/Fuel for Dec 2010, Jan 2011... then MoE will see dust... You may have a point VVS; I feel the oil companies are just getting ready to show the MOE dust come the New Year; with our attention turned to politics and the pre-pre-election campaigns things will be happening behind the scenes in the oil industry... "When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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VituVingiSana		#1194 Posted : Tuesday, December 21, 2010 11:52:53 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi		Let's see if NOCK can deliver in Jan with the new, higher insurance & shipping rates! I think KK, Shell & Total will just let NOCK bid & ask for allocations from the imported cargoes! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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cnn		#1195 Posted : Tuesday, December 21, 2010 12:24:45 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		VituVingiSana wrote: Let's see if NOCK can deliver in Jan with the new, higher insurance & shipping rates! I think KK, Shell & Total will just let NOCK bid & ask for allocations from the imported cargoes! KK had in November won the tender for January delivery.How they go about it in view of the latest developments i wait to see.
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VituVingiSana		#1196 Posted : Tuesday, December 21, 2010 12:29:40 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi		cnn wrote: VituVingiSana wrote: Let's see if NOCK can deliver in Jan with the new, higher insurance & shipping rates! I think KK, Shell & Total will just let NOCK bid & ask for allocations from the imported cargoes! KK had in November won the tender for January delivery.How they go about it in view of the latest developments i wait to see. That might be the reason for the Press Release... KK might submit the 'bill' to ERC for a re-setting of the Pump Price. I need to check how many crude shipments they 'won' coz Kenya normally has two monthly shipments of 80,000 MT crude + fuel (refined) imports to cover the shortfall... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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cnn		#1197 Posted : Tuesday, December 21, 2010 1:06:55 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		@vvs,it was for two lots of crude,160 000 MT in total for Kenya and the region.With higher insurance and freight rates ,rising crude prices the only way the pump prices will remain below 100 going forward is by a review of the taxes.Will they?
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jawz1		#1198 Posted : Tuesday, December 21, 2010 2:16:11 PM
Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi		cnn wrote: @vvs,it was for two lots of crude,160 000 MT in total for Kenya and the region.With higher insurance and freight rates ,rising crude prices the only way the pump prices will remain below 100 going forward is by a review of the taxes.Will they? One word - Never! "When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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nahdy		#1199 Posted : Wednesday, December 22, 2010 9:35:09 AM
Rank: Member Joined: 6/29/2006 Posts: 184		http://www.kenolkobil.co...da1116c9fbf32fbf529c695
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2012		#1200 Posted : Wednesday, December 22, 2010 11:09:37 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		guru267 wrote: I placed an order for additional KK at 10.8... I really hope I got in at that price because this order will double myi holdings in KK hope you didn't get in. So what do you think the future holds for KK? BBI will solve it :)
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Wazua » Investor » Stocks » KENOL/KOBIL

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