Market News

  • 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-. . .

  • African partnerships strengthen Deep Casing Tools’ global footprint

    Posted on :Thursday , 30th January 2020

    Deep Casing Tools (DCT), the UK-based Oil and Gas Technology development company, has confirmed the employment of 2 agents as part of its strategic development plans in Africa.

    DCT has selected Africa Oilwell Technology, an Oilfield Services Company, as its partner in Cameroon, Angola,Democratic Republic of Congo , Republic of Congo, Gabon and South Africa. Meanwhile, Omasup Energy Servi. . .

  • 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 . . .

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