Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
To answer the questions as to why Kenya imports petroleum in crude form, you need first to understand the difference between petroleum and crude oil.DefinitionsCrude oil: This is the raw material that we get from the ground. Some of the products that can be made from crude oil include gasoline, diesel fuel, jet fuel, waxes, lubricating oils, etc.Petroleum: This is a term used to refer to refined by products of Crude oil. For example gasoline, kerosene, diesel, etc.This means you cannot use crude oil to light your kerosene lamp but you can use kerosene to light your kerosene lamp.Reasons for importing crude oilSome the reasons why Kenya imports Petroleum in Crude form includeCan be refined to produce many petroleum productsIt is less risky to transportIt is easy to package
The currency used in Kenya is the Kenyan shilling (KES) also commonly abbreviated as Ksh.
Kenya's main exports include agricultural products such as tea, coffee, flowers, fruits, and vegetables, as well as minerals such as soda ash and titanium. Kenya is also a leading exporter of textiles and clothing, particularly to the United States and China.
According to Equity Group Holdings 2023 Half Year results, Equity Bank's total Assets stand at Ksh. Ksh 1.645Trillion. The same sources indicate that Equity Banks net loans are Ksh 650.6B. Download pdf of Equity Bank Financial Statements for the Period ended June 30, 2023. https://filesz.s3.us-east-2.amazonaws.com/2023/08/Equity-Financial-Statements-for-the-Period-ended-30th-June-2023.pdf
No answer available for this question.