Kenya: Nock knocked
The National Oil Corporation of Kenya turns to other options after losing Caltex bid to Total.
The National Oil Corporation of Kenya has admitted that its failure to successfully bid for Chevon's business, which it lost to rival Total, is a major setback to its expansion strategy.
However, managing director Mwendia Nyaga maintained that the State-owned firm will continue pursuing its strategy of increasing its presence in the market currently standing at less than 5 per cent.
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