Rwanda & Kenya Strengthen Partnership to Secure Petroleum Supply
Rwanda & Kenya Strengthen Partnership to Secure Petroleum Supply
The countries signed an MoU and two implementing agreements for "the importation of refined petroleum products through the Northern Corridor," according to Rwanda's Ministry of Trade.
"Under the agreement, Rwanda will source its bulk petroleum products independently and utilize Kenya's petroleum infrastructure for their transportation and storage."
Key benefits of the agreement:
🟠Enhanced security and continuity of petroleum supply;
🟠Greater resilience against regional and global supply disruptions;
🟠Reduced logistical bottlenecks and improved predictability of fuel imports;
🟠Increased operational efficiency and competitiveness across the petroleum supply chain;
🟠Stronger regional integration and economic cooperation between Rwanda and Kenya.
"Implementation will commence immediately through the designated institutions, [...] in collaboration with the relevant government agencies of both countries."
Fuel transiting to Rwanda via the Northern Corridor is expected to increase tenfold, from 50,000 to over 500,000 m³ annually.
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