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French oil multinational Rubis is set to become a strategic investor in the struggling National Oil Corporation of Kenya (NOC Kenya). A government official told Business Daily that NOC Kenya and Rubis have already sealed a deal and were at the end of last week awaiting the approval of Attorney-General Justin Muturi. “The deal between Rubis and NOC Kenya is already agreed and is now on the AG’s (Attorney-General’s) table for approval,” the official is quoted as saying. In October, the state-owned company approached the top three oil marketing companies (OMCs) in Kenya, looking to fetch upwards …

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