Kenya extends oil supply agreement with three Gulf companies ...Middle East

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Government says deal manages demand for dollars Currency traders sceptical of deal’s effectiveness Local fuel prices have jumped in the past year NAIROBI, Sept 19 (Reuters) – Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday. The East African nation entered the deal with Saudi Aramco (2223.SE), Abu Dhabi National Oil Company (ADNOC.UL) and Emirates National Oil Company in March, switching from an open tender system in which local companies bid to import oil every month. “There was an extension up to December 2024 so this is basically arising out of negotiations that have been hap

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