Market News
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Kenya to Join Oil Producers Club
Posted on :Monday , 15th August 2016
Kenya is set to join the ranks of oil producing nations after its government approved plans to extract up to 4,000 barrels per day from newly discovered reserves.
African multinational oil and gas company Tullow Oil discovered crude deposits in the country's Turkana region in 2012 and is partnering with the country as it readies for full commercial exploration, CNBC reported.
Tu. . .
Cabinet okays ground work for production of 4,000 oil barrels daily
Posted on :Monday , 15th August 2016
In that effort, the Cabinet approved Sh3.2 billion for the upgrading of the Lokichar-Leseru road to smooth the way for the transportation of a projected 2,000 to 4,000 barrels of oil a day from the Turkana oil fields to Eldoret from whence the oil will be transported to Mombasa for refining.
“It is envisaged the crude oil will be transported by rail and road from El. . .
Sh3.2 billion set aside for Eldoret – Lokichar road, to ease transport of oil
Posted on :Friday , 12th August 2016
Cabinet approved Sh3.2 billion for the upgrade of Eldoret (Leseru) – Lokichar Road during a special sitting on Thursday.The carriage way is envisioned to facilitate movement of crude oil from Turkana to Mombasa, from where it will be exported.The road will be used to move 2000 – 4000 barrels oil per day as state prepa. . .Kenya to soon start refining crude oil in Mombasa
Posted on :Friday , 12th August 2016
The country will start refining her first crude oil at the Kenya Petroleum Refinery in Mombasa in readiness for export.To facilitate transportation from the Turkana oil fields, the Eldoret-Lokichar road is being upgraded at the cost of Sh3.2 billion.Yesterday, President Uhuru Kenyatta chaired. . .Lagos Begins First Crude Oil Export August
Posted on :Tuesday , 2nd August 2016
All is now set for the first crude oil lifting for export from the Aje field, offshore Lagos, Nigeria, by the end of August following the commissioning of a production and storage vessel for the crude.
The news follows the declaration by governor Akinwunmi Ambode in May, that Lagos has officially joined the League of Oil Producing States in Nigeria following t. . .Please Select an Option
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