Market News
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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. . .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. . .Please Select an Option
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