Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 132699,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132699/?format=api",
    "text_counter": 70,
    "type": "speech",
    "speaker_name": "August 19, 2009 PARLIAMENTARY DEBATES 2711 Eng. M.M. Mahamud",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Deputy Speaker, Sir, the Government has been aware of the impending sale of Chevron Oil Company outlets in East Africa over the last year. Indeed, my Ministry was actually involved in supporting the National Oil Corporation of Kenya (NOCK) to bid for the outlets of Chevron Oil Company in Kenya. However, Total, with the support of its parent company, outbid the NOCK and other bidders. In fact, the NOCK was third. My Ministry has subsequently been involved in the approval of the acquisition, and has engaged severally with Total. Indeed, as an avenue for reducing the holding of Total, and safeguarding the country against monopolistic tendencies, the Government, through the Ministry, has supported the NOCK to negotiate the acquisition of ten retail stations from Total. The two companies have subsequently signed a Memorandum of Understanding for the acquisition of ten stations. Total has proceeded to advertise for sale another 12 stations, over and above the ten stations being sold to the NOCK. So, the NOCK has increased competitive pricing for its products by taking lower margins than other marketers. So, the Ministry is aware of this, but I assure the House that the said acquisition will not distort the share of Total, which, as I said, is now 19.67 per cent."
}