Market News

  • Kenya to Explore Bidders for 185,000 bl Crude Cargo

    Posted on :Friday , 14th August 2020

    The Kenyan government plans to initiate taking bids for the second and final cargo from the country's pilot crude export scheme in September.

    The scheme which involved trucking oil from fields in the South Lokichar basin by road to the Indian Ocean port of Mombasa ended at the start of June, two years after it incorporated. Kenya exported its first ever crude cargo, a 240,000 bl shipment. . .

  • Kenya’s Crude Oil Production to touch 46,000 bpd in 2023

    Posted on :Thursday , 12th March 2020

    According to Tullow, oil from the Lokichar Basin is set to cost US$25/bbl. to extract and transport. However, the aspect of transportation is yet to be resolved, making their estimates doubtful.

    An examination by the Oxford Business Group indicates that there is a relatively high wax content in the oil, which could put a dampener on the final production price — likely . . .

  • Benchmark on Formulation of Petroleum Regulatory Authority by Kenya Delegation in Uganda

    Posted on :Monday , 2nd March 2020

    The Petroleum Authority of Uganda (PAU), the Ministry of Energy and Mineral Development (MEMD) and the Uganda National Oil Company (UNOC) introduced a Kenya delegation from the Ministry of Petroleum and Mines.

    The two-day official visit focused on benchmarking and familiarization as the republic of Kenya also follows to the process of setting up a Petroleum Regulatory Authority.

    T. . .

  • State Floats Sh12m Tender over Mass Market Gas Plan

    Posted on :Monday , 24th February 2020

    The State has introduced the search for suppliers of the six-kilogramme cooking gas cylinders and their accessories.

    The Petroleum and Mining Ministry said, suppliers of empty cylinders and fittings under the Sh12.2 million tender may be local or international firms which clinch the tender that closes on March 4.

    In the earlier phase of the gas project, the State seeks to acquire . . .

  • Kenya to Export 400,000 Barrels/Year Crude till Turkana Project Kick Off

    Posted on :Wednesday , 5th February 2020

    Kenya plans to export two crude cargoes a year under the early oil pilot scheme up to late-2023, when first oil from the major Turkana oil development is projected to come online, Petroleum Principal Secretary Andrew Kamau told S&P Global Plats in a telephone interview earlier last month.

    "We aim to export some 400,000 barrels of crude annually beginning with the financial year 2020-. . .

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