Market News

  • Kenya Exports First Oil Shipment

    Posted on :Wednesday , 28th August 2019

    Kenya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.

    The oil exports begin an era of greater prosperity for Kenyans. The oil was purchased by a British-based Chinese company, according to a Kenyan government announcement, AP reported.

    The shipment is an accumulation of oil produced since. . .

  • Kenya to Accept Qatari Deal on Oil Blocks

    Posted on :Wednesday , 21st August 2019

    Kenya will confirm the procurement of offshore oil and gas analysis blocks by Qatar Petroleum, a State-owned company of the energy-rich Arab nation, Petroleum Principal Secretary Andrew Kamau has said.
     

    Qatar Petroleum, mid last month, said it has signed a deal with French multinational oil and Gas Company Total and its Italian peer Eni to take over three offshore explora. . .

  • QATAR PETROLEUM SIGNS AGREEMENT ON THREE KENYAN OFFSHORE BLOCKS

    Posted on :Thursday , 1st August 2019

    A State-owned company, Qatar Petroleum, of the energy-rich Arab nation, has gained a block of Kenya’s offshore oil and gas exploration fields, adding to a expanding list of global corporations eyeing to exploit huge fuel deposits believed to be underneath the Indian Ocean seabed.

    The company said it has signed an agreement with French multinational oil and gas company Total and . . .

  • Kenya gets into a Deal for First Ever Oil Development

    Posted on :Thursday , 1st August 2019

    Kenya has signed a Head of Terms agreement with joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A for the very first development of an oil processing facility and a crude oil export pipeline.

    The agreement signed by the Ministry of Petroleum and Mining on behalf of the government will see the oil majors build a 60,000 – 80,000 barrels per day (bpd) processing faci. . .

  • Qatar Petroleum acquires interest in three offshore Kenya blocks in deal with Eni and Total

    Posted on :Wednesday , 24th July 2019

    Qatar Petroleum has acquired three offshore blocks (L11A, L11B and L12) in Kenya after closing a deal with Eni and Total the company has announced. The partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25% participating interest, Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest. Prior to the agr. . .

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