Online tracking of the MV Celsius Riga show that it docked on Wednesday with the cargo from Mombasa for onward ferrying to China, but a number of details over just how the crude was sold remains opaque.
A day before it was revealed that the Turkana crude had been sold to a Chinese petroleum multinational at Ksh1.2 billion ($12 million), Tullow Oil had declined to name the buyer, citing ‘non-disclosure agreement.’
The firm, however, insisted there had been a bidding process and seven bidders expressed interest.
The ministry of Mining and Petroleum, which later named the winning buyer as ChemChina Limited, the oil buying arm of the Beijing-based ChemChina Petrochemicals, put the number of bidders at eight.
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