- Government-to-government oil arrangement extended to avert a $1 billion forex shortfall.
- Critics warn the extension may prevent consumers from benefiting from falling global crude prices.
Nairobi, Kenya – Kenya has extended its government-to-government (G-to-G) oil import deal with Middle Eastern suppliers, aiming to stave off a potential $1 billion foreign exchange shortfall in January and compensate for reduced cargo volumes following Uganda’s exit from the arrangement.
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