EPRA banking on G2G deal for steady supply of oil to Kenya

The Kenyan government is banking on the government to government deal with Saudi Arabia for a steady supply of oil to the country, amid tension over the global supply of oil following the closure of the Strait of Hormuz by Iran. According to the energy and petroleum regulatory authority director general, Daniel Kiptoo, the g2g deal guarantees a supply of oil, unlike relying on a spot model, which has seen companies declaring a “force majeure“ and declining to meet their obligation.