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Analysis of the Triton Oil Scandal
In the wake of the fuel shortage witnessed in 2008 and following complaints by oil marketers and financiers, the management of Kenya Pipeline Company (KPC) ordered an internal audit of oil stocks in its systems.
The audit revealed that stocks amounting to 126.4 million litres were irregularly and illegally released to Triton Petroleum Limited between November 2007 and November 2008.
Triton was not entitled to the stocks, nor did financiers authorise the release as required under contractual arrangements.