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{
    "id": 132701,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132701/?format=api",
    "text_counter": 72,
    "type": "speech",
    "speaker_name": "Eng. M.M. Mahamud",
    "speaker_title": "",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": "Mr. Deputy Speaker, Sir, it was a long process. What were on sale from Chevron were the assets in Kenya and Uganda. Initially, the NOCK was interested in all of them. Later on, we zeroed down to the Kenyan assets. There are 86 active stations of Chevron in Kenya. There are five aviation operations just to correct what Mr. Mungatana said. There are two LPG storage facilities. There is one lubricant plant. There are five lubricant warehouses, one fuel terminal and three fuel depots. At the beginning, the NOCK were not even allowed to go to the next process. The Government did intervene and talked to the Chevron headquarters. They were allowed to proceed to the third stage. They reached a level where they said they would offer US$130 million which we found to be much lower than the other bidders. It was again decided that because the acquisition must be cleared by the Government, they must concede and sell some of their assets to the NOCK. The NOCK bought ten stations. We need 100 per cent interest in Chevron Nairobi filling stations. Up to now, we have not finalized. We are also seeking hospitality accommodation for the sale of percentage share by Total Kenya Limited or Chevron Kenya Limited in our Mombasa LPG facilities owned by one of them. Up to 25 per cent share in Total Kenya Limited, lubricants blending plant in Mombasa. Up to 20 per cent share of joint storage facilities is at Mombasa Joint Terminal owned by Total Kenya Limited and Chevron Kenya Limited. Up to now, we are targeting these assets. The deal has not been finalized yet. With all this effort, the Government tried its best to acquire some of Chevron assets."
}