BREAKING NEWS

Kenya agrees to buy Iran oil, is silent on sanctions

By REUTERS

JULY 2, 2012 15:14

NAIROBI - Kenya has agreed to import 4 million tonnes of Iranian crude oil per year, a senior Kenyan energy official said on Monday.

Patrick Nyoike, permanent secretary at the energy ministry, said the two governments signed the memorandum of understanding on the oil last month. He did not say how many years the agreement covered.

"The details will come later," Nyoike told Reuters by telephone, declining to comment on how the deal sits with US and European Union (EU) sanctions against Iranian oil exports.

Most other importers of Iranian crude oil have sharply reduced purchases to earn exemptions from US financial sanctions.

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