Market News
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Kenya: Cabinet Okays Plans to Produce Crude Oil in Lokichar
Posted on :Wednesday , 24th August 2016
A special Cabinet meeting on Thursday approved plans to start production of 2,000-4,000 barrels of crude oil in Lokichar that will be transported by both rail and road to Mombasa for refining.With the country getting ready to full commercial exploitation of oil, discovered in Turkana County by Tullow Oil in 2012, plans are in motion to establish business and in. . .East Africa: Minister Urges Private Sector To Participate Fully in EA Oil Pipeline for Benefit
Posted on :Tuesday , 23rd August 2016
Tanga — Minister of Energy and Minerals, Professor Sospeter Muhongo, has called on the private sector in Tanzania to take fully participation in a big multimillion East Africa Crude Oil Pipeline in order to benefit from it.
Professor Muhongo gave the remark yesterday as he visited chongoleni area in Tanga city, the site where the crude oil from Kabale, Ohima D. . .Kenya and Uganda have agreed on the northern route for the 1,500km pipeline
Posted on :Thursday , 18th August 2016
Kenya and Uganda have agreed on the northern route for the 1,500km pipeline to transport oil from Hoima in western Uganda to the Indian Ocean on Kenya’s coastline, ending a year long dispute between the two countries’ leaders. The path will go through northern Kenya and Lokichar basin before reaching the coastal port in Lamu. This was President Uhuru Kenyatta (“Kenyatta&. . .
Kenya to Export Oil By June, 2017
Posted on :Thursday , 18th August 2016
Kenya's plans of joining the oil exporting league moved one step forward on Thursday when the Cabinet approved a commercialisation plan by the Ministry of Energy.
The country now hopes to start exporting 4,000 barrels of crude oil daily by June next year, but the initial plan is 2,000 barrels.The crude will be transported by roa. . .KenolKobil and Castrol to build lubricant plant
Posted on :Tuesday , 16th August 2016
KenolKobil and British industrial and automotive lubricants manufacturer Castrol have partnered to construct a $15 million (Sh1.5 billion) lubricants factory in Mombasa.KenolKobil sought the partnership believing it to be a cheaper option than importing the lubricants from South Africa, where it has been obtaining the merchandise from.. . .Please Select an Option
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