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{
    "id": 556365,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/556365/?format=api",
    "text_counter": 116,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "We are also recommending that the Government of Kenya should not pay Essar Energy Overseas Limited any consideration during their exit since they have failed to honour their responsibilities in terms of upgrading and modernisation of the oil refinery on the basis of which the shareholding agreement was signed. This purported exit clause was fraudulently sneaked in the agreement. Since they had not done anything on the ground, our recommendation is that the Government of Kenya should not pay them a penny for this. We are also recommending that any future agreement between Essar Energy Overseas Limited and the Government of Kenya should be scrutinised thoroughly with proper due diligence being undertaken. The exercise of privatisation was in the past done without public participation. Therefore, it is our recommendation that any future public privatisation must allow the public to participate in the process. This is the only way we can limit the creative imaginations of the greedy and the cartels who have over the years dominated our economy and in particular, who have dominated this particular sector of privatising key Government institutions. We are also recommending that the EACC should investigate and determine the ownership of Essar Energy Overseas Limited, a company incorporated in Mauritius in the year 2007. The ownership and directorship of this particular company is suspect. It is our view that this is not an offshore company. It is an offshore company with serious Kenyan roots with the sole aim of participating and benefiting commercially and financially in this fraudulent transaction. Therefore, we are asking the EACC to unearth the faces behind this company. We are also asking the Government of Kenya to fast-track the development of new and modern refinery to cater for the refinery of crude oil for national consumption and for export.The closure of this facility has come at a time when we are gearing up for our first oil production. It will be an irony if after 50 years of Independence, our first crude oil will be exported to a third country The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}