I recently advocated the complete privatization of KPC since the management at KPC in collusion with the Ministry of Energy is definitely incompetent & probably corrupt.
Why would they allow a (almost) bankrupt firm (see story here - Triton) to import oil products under OTS?
Why do they allow a single firm to hold stocks/ullage in excess of their market share?
(The government through KPC allows for storage/ullage in proportion to the market share. The Oil Markerters - Shell, Kenol, Kobil, Total) have been complaining that some 'politically connected' players routinely exceed their storage capacity).
KPC's idiots blamed everyone else but themselves since KPC's managers were protecting their own. So they invited kibaki to 'commission' a facility that was non-operational & not expected to come online till early 2009.
The Oil Marketers have made multiple suggestions for changes in the Oil Tendering System (OTS) among other structural problems facing the industry BUT the incompetent (or maybe just plain corrupt) mandarins refuse to make the changes.
Another group of idiots reside at the Ministry of Finance & KRA... who refuse to expedite the refunds of taxes, duties and levies thus creating a strain on Oil Marketers.
Of course, the public at large are like sheep. They believe whatever alfie mutua says... or some incomptent (&/or corrupt) government bureaucrat.
It is so easy to blame BUSINESSES (they are not perfect) for the problems whereas dig a little deeper & its STUPID, CORRUPT, INCOMPETENT government functionaries who push retrograde policies OR are simply in it as rent-seekers!
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Rants, Raves & Reviews
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Kenya Pipeline Company - Fishy dealings Posted: December 21st, 2008, 2:29am EST