KENYA REFINERY UPGRADE
Автор: CGTN Africa
Загружено: 2013-04-25
Просмотров: 292
Описание: Kenya Petroleum Refineries Limited or KPRL is weighing its financing options as it seeks to raise nearly 1 billion dollars of debt and equity, for a planned upgrade of its facility built half a century ago.Standard Chartered which is helping raise the funds is reported to be holding consultations on possible financial arrangements. A decision is therefore expected sometime by the end of May. Renovations at the Mombasa-based refinery will increase processing output to almost 4 million metric tons by 2019 from a current 1.6 million. It will also improve efficiency, leading to lower prices for its refined petroleum products. The work was originally slated for completion in 2015-2016. KPRL is jointly owned by Essar Energy of India and the Kenyan government.
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