Good Start Ohana *applause*
Resolution of Commercial Dispute Between KenolKobil Limited and KPRL The Management of KenolKobil Limited is pleased to announce that the Company and Kenya Petroleum Refineries Limited (KPRL) have reached an amicable agreement to settle all outstanding dispute matters between the two Organizations.
Consequently, the Ministry of Energy and the Energy Regulatory Commission has reinstated KenolKobil Limited in the Open Tender System (OTS) as a buyer and seller in the supply of petroleum products for the Company in Kenya and the neighbouring countries.
The reinstatement follows successful deliberations between the Management of KenolKobil and KPRL that were facilitated by the Energy Regulatory Commission. The Agreement reached will provide for discontinuation of the law suits and claims lodged against each other.
KenolKobil’s Management takes this opportunity to thank the Board and Management of KPRL, led by their Chairman, Mr. Suleiman Shakombo EGH and CEO, Mr. Brij Mohan Bansal, for their positive contributions and the show of good faith that led to the successful conclusion of the discussions.
In addition, the Management also recognizes the instrumental role played by the Ministry of Energy & Petroleum, led by the Cabinet Secretary for the Ministry, Mr. Davis Chirchir, and the Principal Secretary Eng. Joseph K. Njoroge, and the Director-General of the Energy Regulatory Commission, Eng. Kaburu Mwirichia, for facilitating and fostering the cordial spirit of the discussions. We take this opportunity to express our sincere gratitude to them.
We look forward to maintaining this positive spirit of compliance and consultative dialogue in our future dealings with the Government, KPRL, our business partners and other Industry stakeholders, for the greater good of the country and the oil industry.
David Ohana
GROUP MANAGING DIRECTOR
http://www.kenolkobil.com/index...olkobil-limited-and-kprl