Stock Market News

Kenya to deport Rubis CEO amid fuel crisis – local media

2022.04.13 23:05

2/2
Kenya to deport Rubis CEO amid fuel crisis - local media
Motorists queue at the Rubis fuel station to fuel their vehicles, amid the nationwide petrol and diesel shortage, in the central business district of Nairobi, Kenya April 13, 2022. REUTERS/Thomas Mukoya

2/2

NAIROBI (Reuters) – Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis, The Daily Nation newspaper reported on Wednesday, citing senior government sources who said the state signed a deportation order.

The government has cancelled the work permit of Jean-Christian Bergeron, who has led the company for three years, the Nation said.

Bergeron did not respond to requests by Reuters for comment and Rubis Energie’s offices in France were closed. Reuters reached out to the Ministry of Interior and Coordination of National Government, which is charged with immigration, but it had closed by the time of publishing this report.

Kenya’s fuel crisis that has led to long queues at service stations has put pressure on government officials to clamp down on rising domestic prices.

Rubis Energy Kenya is owned by Rubis Energie, a subsidiary of the Rubis Group which is listed on the Paris Stock Exchange, following the full acquisition of both KenolKobil and Gulf Energy Holdings in 2019.

Andrew Kamau, Principal Secretary at Kenya’s ministry of petroleum and mining did not answer his phone when Reuters tried to reach him.

Quoting senior government sources, The Nation said Rubis was among several fuel distributors accused of “having some queer shortages and rationed sales.”

On Tuesday, the Energy and Petroleum regulatory Authority (EPRA) said it would crack down on fuel companies “giving priority to export loadings while the local market was left to suffer intermittent supply.”

Kenya’s government last week said it would pay subsidy arrears to petrol retailers to allay fears of potential fuel shortages and forestall a crisis. Frustrated motorists have been queuing in long lines at petrol stations for days due to the biting shortages.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 101,056.08 3.73%
ethereum
Ethereum (ETH) $ 3,120.92 5.78%
xrp
XRP (XRP) $ 2.97 4.56%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 234.41 7.97%
bnb
BNB (BNB) $ 665.20 2.80%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.326933 6.75%
cardano
Cardano (ADA) $ 0.92068 7.01%
staked-ether
Lido Staked Ether (STETH) $ 3,121.09 5.62%
tron
TRON (TRX) $ 0.244052 2.86%
chainlink
Chainlink (LINK) $ 23.70 6.49%
avalanche-2
Avalanche (AVAX) $ 33.73 9.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 100,749.99 3.94%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,670.89 7.00%
the-open-network
Toncoin (TON) $ 4.94 2.15%
stellar
Stellar (XLM) $ 0.398444 5.55%
hedera-hashgraph
Hedera (HBAR) $ 0.308653 7.54%
sui
Sui (SUI) $ 3.81 7.40%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 6.49%
weth
WETH (WETH) $ 3,119.51 5.80%
leo-token
LEO Token (LEO) $ 9.74 0.47%
polkadot
Polkadot (DOT) $ 5.83 7.91%
litecoin
Litecoin (LTC) $ 112.43 7.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 418.24 3.99%
bitget-token
Bitget Token (BGB) $ 6.91 6.55%
hyperliquid
Hyperliquid (HYPE) $ 21.80 7.84%
usds
USDS (USDS) $ 0.999466 0.03%
uniswap
Uniswap (UNI) $ 10.87 8.89%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,312.86 5.44%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
official-trump
Official Trump (TRUMP) $ 27.46 5.08%
pepe
Pepe (PEPE) $ 0.000013 13.33%
near
NEAR Protocol (NEAR) $ 4.59 7.72%
aave
Aave (AAVE) $ 300.93 8.50%
mantra-dao
MANTRA (OM) $ 4.70 4.00%
aptos
Aptos (APT) $ 7.44 9.02%
internet-computer
Internet Computer (ICP) $ 8.82 3.09%
ondo-finance
Ondo (ONDO) $ 1.31 8.03%
whitebit
WhiteBIT Coin (WBT) $ 28.17 0.93%
monero
Monero (XMR) $ 212.52 3.58%
ethereum-classic
Ethereum Classic (ETC) $ 25.49 4.87%
bittensor
Bittensor (TAO) $ 465.82 3.79%
mantle
Mantle (MNT) $ 1.12 4.86%
crypto-com-chain
Cronos (CRO) $ 0.132008 4.93%
vechain
VeChain (VET) $ 0.044006 6.58%
dai
Dai (DAI) $ 1.00 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.410665 5.60%
render-token
Render (RENDER) $ 6.26 9.65%
kaspa
Kaspa (KAS) $ 0.124077 6.06%