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Article: Kenya: Nock turns to other options after losing Caltex bid to Total.
- Article from:
- TendersInfo
- Article date:
- November 4, 2008
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Byline: prashant03
The National Oil Corporation of Kenya has admitted that its failure to successfully bid for Chevon s business, which it lost to rival Total, is a major setback to its expansion strategy.
However, managing director Mwendia Nyaga maintained that the State-owned firm will continue pursuing its strategy of increasing its presence in the market currently standing at less than 5 per cent.
It is a setback for our plans because the (Chevron) business was well positioned, especially in Nairobi, said Mr Nyaga.
He added: But we will fall on our other options as we implement our strategy of attaining at least 15 per cent of the ...