Kenya cancels oil deal with Iran


  1. AfricaNews Monitoring Team with files from BBC
    Kenya has cancelled plans to import crude oil from Iran following threats of sanctions, an official at the Kenyan energy ministry has said. The outline deal signed last month was to import about 4m tonnes of oil from the Iranian National Oil Company.
    Oil
    But the US embassy in Nairobi had warned it was important to cut revenue to the Iranian government.

    The US and the European Union have just tightened sanctions on Iran over concerns about its nuclear programme.

    "Because of international pressure, we have withdrawn that understanding," AFP news agency quotes Patrick Nyoik, the energy ministry's permanent secretary, as saying.

    On Sunday, a complete European Union oil embargo on Iran came into effect - in response to US legislation, which sanctions any entity that deals with Iran's Central Bank.

    "There are sanctions that are in place for people that are buying oil and products from Iran - there would be repercussions," outgoing US ambassador to Kenya Scott Gration warned earlier on Wednesday about Kenya's oil importation plans.

    Last month, Kenya's only refinery said that it would start buying its own crude oil, Reuters news agency reported.

    According to Kenya's Business Daily newspaper, under the proposed contract Tehran had been offering Kenya an extended credit facility of 90 days.




Latest News

  1. Kenya launches universal HPV vaccine access t…17/05As the world celebrates the Cervical Cancer Week, Kenya has taken a leap …
  2. Malawi Electoral body appeals for ethical…17/05The Malawi Electoral Commission has challenged the media to follow ethica…
  3. Amplats to cut 6,000 jobs in South Africa10/05Top global platinum producer Anglo American Platinum announced on Friday …
  4. Kofi Annan: Africa plundered by secret mining…10/05Tax avoidance, secret mining deals and financial transfers are depriving …
  5. Bomb blasts rock Libyan city of Benghazi10/05A bomb has exploded outside the a police station in the Libya's east…
  6. Kenya calls on UN to drop Kenyatta trials10/05Kenya has written to the UN Security Council seeking to scrap the interna…
  7. Zanu PF Spruces up Voter Victimization…02/05Zanu PF has perfected its intimidation and coercive electoral machinery a…
  8. Africa Oil & Gas, Finance & Investment…02/05AME Trade Ltd are happy to announce the launch of the Africa Oil & Ga…
News archive