{
  "id": 3914165,
  "title": "KPC seals Ksh93.7B crude oil deal as Kenya moves to cash in on Kipevu terminal",
  "url": "https://urgent.news/2026/08/28/kpc-seals-ksh93-7b-crude-oil-deal-as-kenya-moves-to-cash-in-on-kipevu",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T06:56:35.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/kpc-seals-ksh93-7b-crude-oil-deal-as-kenya-moves-to-cash-in-on-kipevu-terminal"
  },
  "original_language": "en",
  "account": "Kenya Pipeline Company (KPC) has inked a significant 25-year crude oil storage and handling agreement, projecting a gross revenue of approximately Sh93.68 billion. The deal, struck by Kenya Petroleum Refineries Limited (KPRL) - a wholly-owned subsidiary of KPC - with Gulf Energy E&P B.V., will see KPRL manage the receipt, storage, handling, and delivery of crude oil for export via Kipevu Oil Terminal II (KOT II). KPC views the deal as a strategic move to unlock the commercial potential of its existing and upgraded infrastructure. The long-term contract is expected to bolster KPRL's revenue outlook through fixed service fees and recovery of qualifying variable costs, although KPC notes that the projected revenue is a projection and not a guaranteed income.",
  "summary": "Kenya Pipeline Company (KPC) has unveiled a major 25-year crude oil storage and handling deal projected to generate about Sh93.68 billion in gross revenue, in a move set to deepen the country’s role in regional petroleum logistics. According to NSE statement on Friday, August 28, 2026, the deal, entered into by Kenya Petroleum Refineries Limited […]",
  "key_points": [
    "Kenya Pipeline Company (KPC) signs 25-year crude oil deal worth Sh93.68 billion",
    "Gulf Energy E&P B.V. manages crude oil receipt, storage, handling, and delivery",
    "Deal aims to unlock commercial potential of KPC's infrastructure at Kipevu Terminal II"
  ],
  "editors_take": "This deal cements Kenya's position as a key crude oil export hub and is likely to significantly boost revenue for Kenya Pipeline Company and its subsidiary.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}