Zakhem International Construction Limited, a Lebanese-owned contractor behind Kenya Pipeline Company’s Mombasa–Nairobi multiproduct pipeline, has petitioned the High Court to liquidate its subcontractor Oilfields Engineering and Supplies Limited.
- The petition is the latest in a years-long commercial dispute linked to the US$491 million (KSh 63.46 billion) Line 5 pipeline project.
- Oilfields, a local engineering firm, previously secured a 2021 arbitral award over subcontract works and has since sought to block Kenya Pipeline Company from releasing about US$31 million (KSh 4.01 billion) owed to Zakhem pending court proceedings.
- The liquidation filing now shifts the standoff into insolvency territory, potentially exposing Oilfields to…