The Energy and Petroleum Regulatory Authority (EPRA) has said there is enough oil products to cushion the country against effects of the war between Israel and Iran. EPRA Director General Daniel Kiptoo said that the government has engaged with suppliers in the Middle East on the steady supply of oil products. "I want to assure Kenyans that Kenya has enough petroleum products to sustain the country going forward," said Kiptoo.
The Iran territorial waters connect the Persian Gulf to the Gulf of Oman and the Arabian Sea, which serves as a vital point for the export of a significant portion of the world's oil and liquefied natural gas. The Strait of Hormuz is renowned for being a crucial chokepoint for global oil and gas trade. While speaking during the 17th Annual General Assembly of the Energy Regulators Association of East Africa, it was stated that it is too early to speculate on the impact of the ongoing war between Iran and Israel.
Kiptoo said when it comes to supply of oil and security, Kenya operates on an adjusting-time basis, but the government has been able to engage with suppliers. "This war is something that is really emerging, and we cannot speak about the impact because this is something that happened last week and has continued to evolve, and we cannot say what the long-lasting impact is," said Kiptoo.
Kiptoo, who was recently appointed Vice Chair of the International Confederation of Energy Regulators (ICER), said that currently 81 per cent of Kenya's installed electricity capacity is derived from renewables.
