Kenya extends oil supply agreement with three Gulf companies

NAIROBI, Sept 19 - Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday.

The deal had helped lower the cost of transporting oil to Kenya and the premium it pays to suppliers, he said, defending the deal. "It is still not lost on us that it is a stop-gap measure, whichever way you look at it," said a senior foreign exchange trader at a commercial bank.

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