24 May 2023 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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24 May 2023 in Senate:
Senator to address the issues of Isiolo and Kenya at large, regarding this electricity, where there is so much interest. Sen. Mbugua, we are looking at all the economics surrounding the Juba small refinery. When we bring the field development plan for our Turkana Oil Basin, we will show the economics of small and big refineries and the economics of the pipeline in relation to the total reservoir of oil that is already discovered in Kenya and to an extent that oil are platts priced. If the platts pricing of oil, in terms of costs for locally refining with that ...
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24 May 2023 in Senate:
Thank you once again, Mr. Deputy Speaker, Sir.
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24 May 2023 in Senate:
Sen. Mandago wants to know how accurate the measurements are. We dealt with the issue of accuracy before the Senator came to the House. We have an outturn report by an independent company that was hired to confirm the measurements of the products as they were off taken, loaded and transported to Mombasa.
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24 May 2023 in Senate:
We also have a report of the product as it was exported out of the KPRL and loaded into the ship. Additionally, since these are public resources and it is not a space you want to be careless with, we have also gotten an independent audit report by a South African Company called Rosa Correia Associates (RCA).
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24 May 2023 in Senate:
It is a fairly comprehensive report which looks at various aspects of our production, metering, loading and exports. They have given us a comprehensive report to confirm the accuracy of the product taken out of Turkana and Mombasa and sold to those two offtakers who bought the product.
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24 May 2023 in Senate:
Like I said, the pricing has been published. Maybe what I will need to do to satisfy the concern of the House, through Sen. Mandago, is to provide the audit report
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24 May 2023 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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24 May 2023 in Senate:
which captures the platts pricing at the time we sold the product and there are many numbers. It has got all those numbers and it can be checked against the platts prices of the international market at the time.
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24 May 2023 in Senate:
What we were basically competing on was the freight and premium for the companies that transport the product to the market. Of course, first from Turkana to Mombasa and from Mombasa to the market. We have that information which can be verified. We have got an independent audit report and a separate outturn report of the independent company that supported us in terms of ensuring that the processes and procedures of loading and measurements were properly done.
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