A high-stakes deal between the National Oil Corporation of Kenya (NOCK) and Rubis Energy Kenya has triggered a storm in Parliament, with lawmakers warning that the transaction could quietly hand over critical State assets to private interests-leaving taxpayers to foot the bill.
At the centre of the controversy is a Sh3 billion agreement signed early this year.
Pokot South MP David Pkosing said that on paper, it looks like a lifeline where Rubis would provide desperately needed capital to the State-run oil marketer-half for working expenses, half to refurbish its neglected retail infrastructure.
In return, Rubis would be paid back its money.
