The only OMCs winning the refined product tenders are Addax, Gulf, Gapco, Galana. Their traders are Addax (Swiss), Trafigura (Swiss),Reliance (India)& Somebody hiding behind BNP Paribas. Anyway let us wait and see

I just don't get it!

So NOCK screws up by promising to deliver Diesel 3 weeks late [not delivered yet]. Yet they are allowed to bid for an order NOCK screwed up?

@milken - You have to explain this to me!

http://www.standardmedia...&utm_medium=twitter

[Of course, the media may be wrong]

Questions:
1) Has NOCK bought or not bought the 2 cargoes they were supposed to deliver?
The firm said it had received instructions from the Ministry of Energy to reduce the tonnage of the product from 56,000 to about half, which it said would not be possible at the prices it had quoted in the tender it won in January. Sumayya Athmani, Nock’s acting managing director, said it would not have been possible to import half the cargo at the same cost and had instead asked the ministry to call for an emergency tender.

Hold on! Didn't NOCK claim the shipment was 'delayed'... seems they didn't even BUY the diesel/cargo!

2) She added that Nock would be eligible to tender.
WTF? Yaani, you eff up. Then you get to bid AGAIN on the same cargo? NOCK has not even delivered ONE cargo yet want to bid again? What are they playing at?
Will they now supply at a higher price?
Who absorbs the loss from the higher delivery cost + higher international prices?

3) The firm said Thursday that the 59,700 metric tonne consignment is scheduled for delivery between March 1 and 3 but did not give indications as to when the 56,500 metric tonne consignment would arrive.

Yesterday, however Nock confirmed the cargo would not be coming.

Didn't NOCK say: It is delayed [& normal for delays]... Now it says the 2nd cargo will NOT be coming?

Meanwhile the fuel station that epitomizes the incompetence at NOCK, the ex-Caltex next to Uchumi Ngong Road, has finally managed to rebrand two out of the four pumps as at today.
To be fair to them, I suspect that the unwieldy Public Procurement Act 2005 is probably the culprit, but surely who can expect NOCK to react to global events that change by the minute in the same manner as Jacob at KK would? Then again NOCK must be swarming with briefcase businessmen whose last interest is the country.
I heard that Sumaya said their quote was not for AGO, so what was it for? It is not a new tender, it is a repeat, and ALL previous suppliers have always brought in AGO. If the supervisor of cabinet affairs doesn't step in this time, we are doomed - certainly the other principal isn't going to raise a finger. This, put simply, is economic sabotage and I'm not bitter because close to 20% of my portfolio is KK. I'm bitter because fellow kenyans are fixing us.

9.20/-???

Now what's cutting with this, our beloved counter?

Sorry to hear that. Of course, it hurts to see the price dropping BUT I am happy to buy more! Sigh, if I had enough cash, I would buy the entire company!