Gulf and KPLR crud import row settled

A dispute that would have seen the delivery of crude cargo by Gulf Energy delayed has been resolved. This is after the Kenya Petroleum Refineries revised its earlier decision not to allow the industry cargo. According to Gulf Energy, the marketer that won the April open import tender for the industry, KPRL wanted to delay the delivery of the cargo for lack of storage space. Gulf however argued that if this happens, it will be forced to bear various penalties and fines running into millions of shillings. It therefore wanted an assurance that KPRL will bare the costs...