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Rubis Just Overtook Total to Become the Second Biggest Oil Marketing Company in Kenya
BUSINESSNEWS

Rubis Just Overtook Total to Become the Second Biggest Oil Marketing Company in Kenya

Rubis surpassed TotalEnergies in market share in 2024, becoming the second-largest oil marketing company in Kenya. This marks the first time Rubis has...

Elizabeth Meyo - Commissioner for Domestic Taxes at KRA www.businesstoday.co.ke
ECONOMY

KRA is Coming for You After Today

The tax rate for TOT is 3% on the gross sales/turnover

Offsore oil exploration. The three blocks in Lamu owned by Total and Eni have a total area of approximately 15,000 square kilometres, with water depths ranging from about 1,000 metres to 3,000 metres. www.businesstoday.co.ke
FEATURED STORY

Qatar Firm a Step Away From Acquiring Offshore Oil Blocks in Kenya

Total will also transfer to Qatar Petroleum a 30% interest in Block 2913B in Namibia and retain a 40% interest

FEATURED STORY

Italian firm sells oil blocks in contested Indian Ocean territory

Eni and Qatar Petroleum have signed an agreement that will see the Qatari national oil company acquire a 13.75% share in the exploration...

FEATURED STORY

Uhuru to flag off trucking of Kenya’s oil on June 3

The Early Oil Pilot Scheme is a project that will utilise existing wells in Turkana County to produce 2,000 barrels of oil per...

FEATURED STORY

National Oil, US firm sign Lokichar field development deal

NOC says field development plan will provide the government with an independent view of the development of the Lokichar oil discoveries,

FEATURED STORY

French firms line up Sh1tr investments in Kenya

More than 60 business executives under the umbrella of MEDEF have been in the country meeting the Kenya Private Sector Alliance (KEPSA) and...

FEATURED STORY

Total opens young dealer service station in Kimende

Total Kenya has officially opened a service station in Kimende, the 184th in its retail network. The opening of Kimende service station is in...

FEATURED STORY

Total acquires Indian billionaire Mukesh Ambani’s oil firm

BUYOUT: Gapco, majority owned by Reliance Industries, has sold out all its assets in Kenya, Tanzania and Uganda