Market News

  • IFC Supports Small Companies Take Oil Contracts

    Posted on :Thursday , 2nd January 2020

    International Finance Corporation (IFC) is putting into action a six-year project to support small firms in Kenya win contracts in the oil, gas and other sectors.

    The funding for the project dubbed Kenya Local Economic Development Project (LED-Kenya) started in September last year but IFC made the announcement this month without indicating the amount it will spend in the initiative.
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  • China's Sinopec Makes Entry into Kenyan Market with Lubricants

    Posted on :Thursday , 19th December 2019

    Sinopec, the largest state-owned oil and Gas Company from china, has officially launched its lubricants in Kenya.
    It is the world's third-largest company, which is listed at the Hong Kong Stock Exchange and trades in Shanghai and New York Stock exchanges.

    Strategising on penetrating Kenya’s market the chemical producer brought key players during its official launch . . .

  • 40% Of Kipevu Oil Terminal Work Completed In Eleven Months

    Posted on :Thursday , 19th December 2019

    According to Kenya Ports Authority after taking eleven months to work for Construction of the Sh39 billion new Kipevu Oil Terminal (KOT) is 40 % done.The project is being developed by China Communications Construction Company(CCCC), started on February 1, with a timeline of 30 months. It is expected to be ready by August 1, 2021.

    KPA is the contractor of the new terminal, which will see . . .

  • Kenya Bags Two Design Options for Lamu Crude Pipeline Project

    Posted on :Thursday , 28th November 2019

    Kenya has been presented with two designs for the Lokichar-Lamu crude oil pipeline (LLCOP) with a price fluctuation of $122.2 million.

    British firm Wood Group Plc has concluded with the front end engineering design (FEED) that shows Kenya can chose for a pipeline with onshore storage facilities that would cost $1.2 billion to construct or one with floating storage facilities at a cost of. . .

  • African Oil & Gas Sector Holds Great Potential to Revive Economy

    Posted on :Monday , 23rd September 2019

    As African economies are experiencing a transformative period, the energy sector holds huge potential to revitalise African economies and empower the growth and development.NJ Ayuk derives how energy holds on the African dream. 

    In a very straight forward approach, the executive chairman of the African Energy Chamber briefs on the fortunes and misfortunes in Africa’s p. . .

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