KK is coming down..thanks to -ve coverage

The demand /supply is ratio is worse in some other counters,i reckon KK will not give up more than 5%.If i were Segman i would pay the 400M and face the future.

Just a question: KK is claiming yield shift losses, fuel losses and business losses amounting to Kshs 4.98bn. Why arent other oil companies claiming the same and yet all import and process crude at KPRL? Does KPRL process KK crude differently from the way it processes for other oil companies?

People GET SERIOUS...!!!!

@Winston, @cnn et al...

KK is fighting the corrupt folks at MoE & KPC who brought you Triton!

In any struggle, you have the sheep [See Kenya's political battle akina MOST politicians who were lining up to kiss moi's arse] & a very few who fought the system...

KPRL is very inefficient...
KPC has reneged on ullage utilization [it favors briefcase importers]...
MoE favors NOCK...
Kenya is a 3rd World country where justice is slower than a snail...

BUT... you have to fight these to see a better future...

@vvs,but at what cost to the business and to you as a shareholder?.If the other big players resisted the same way KK are doing,i would have no problem.As it is now they would rather sit back and take up whatever business goes their way in case of a KK fallout with KPRL or MoE.With such inefficiencies its no wonder Shell are on their way out.

Whooph! Need to see how this one pans out. But there is wisdom in choosing battles; hope they don't loose the war.

@mv_ufanisi, Segman said at the AGM that they don't intend to enter the upstream business when asked about the Uganda oil find. Said their focus was retail.

I've heard from the walls that the reserves are running low and there can only be 2 outcomes to this stalemate, either starve the country of oil or take Kenol's oil. I think that's the card Segman is holding up his sleeves. This could be his greatest victory or biggest mistake. Very thin line...

I think there will be intervention at least for the short term with KK given an escape route. Other players in the Industry must also be watching closely. It is not what is happening to KK but what can happen to them as well. With rumours that Essar might also be intereted in doing business downstream, we will have a very interesting scenario. It was interesting to see the new MD of KPRL talking with a lot of venom for a case that he found ongoing. I hope one day I will understand the business of oil.

If you understand the oil industry or have spoken to an insider you will understand that KK have us all by the balls. To start with, they have next month's stock sitting on the sea and incurring demmurage, what we forget is that some silly triton wannabe and the guesses are few here, are sitting on ullage expecting to sort out financing of their stock as prices also increase. Now expect an artificial shortage by the second week of August and at that point KK will be quickly given ullage and after refining the price of our ngata will be a few more shillings higher to reflect the demurrage!Unaitwa ujinga wa mwafrika!

KRPL is behaving like a nabbed conman who tries to throw tantrums to create confusion etc. What they forget is that most people can see through their act. What KK is seeking to do is open a big can of worms about the refinery efficiency which if they win becomes a precedent for all other clients to go to court and seek remedy.

That refinery is a moribund heap of equipment. Ask yourself before Chevron and BP sold their share GoK had been really begging the two other shareholders to fund an upgrade for up to 36B, they even got stanchart involved as lead arrangers, but offcourse these two shareholders are seasoned hands in the business and obviously told gava to stroll, no need throwing good money at the heap! Essar comes along and volunteers to buy the two off and using some crooked gava links convinces gava to raise refining fees of which KK won't accept and that's why KK decided to go to war. At the end of this sponsored media wars they will get something substantial off KRPL and KPC and hopefully hand it to their shareholders. Bw. Segman we are behind you, someone has to stand up to this nonsense.