COMPETITION in the oil market is expected to go a notch higher with the entry of storage firm VTTI Kenya into the industry.VTTI Kenya general manager Merlin Figueira said the company will ensure fuel shortages are reduced translating into stable prices. The new terminal will also ease the region’s overstretched oil storage and transportation challenges. Figueira said the Sh5 billion investment has a capacity of 110,000 cubic meters, making it one of the largest liquid petroleum storage facilities in East Africa...
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