Bloomberg News

Kenyan Government to Seek Long-Term Contracts With Oil Producers

October 06, 2011

Oct. 6 (Bloomberg) -- Kenya’s government will seek to sign long-term contracts with oil-producing countries to address price fluctuations, Energy Minister Kiraitu Murungi said.

The East African nation also plans to build fuel-storage facilities in five different towns to ease supply constraints, Murungi told reporters today in Nairobi.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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