Ruto to Construct the Tanzania-Kenya Gas Pipeline

Posted on :Tuesday , 11th October 2022

Kenya intends to pursue the construction of a gas pipeline linking Tanzania's main city, Dar es Salaam, to the coastal city of Mombasa and on to the capital Nairobi, in a bid to reduce energy costs, Kenya's president William Ruto has said.

The 600km pipeline has been estimated by local reports to cost around US$1.1bn (£990m).

The President spok. . .

Africa Oil Sees Progress Looming in Nigeria, Kenya

Posted on :Tuesday , 27th September 2022

Africa Oil expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.

The company’s famously bullish CEO and president Keith Hill said the Island Innovator rig was 10 days out from arriving on location in South Africa.

Block 2B, . . .

Indian government to buy Sh356.5bn Tullow Oil stake in Turkana

Posted on :Wednesday , 3rd August 2022

Two Indian state-backed companies are in talks to acquire Tullow Oil's stake in Turkana oil projects in a deal estimated to breach Sh356.5 billion ($3 billion).

This will mark one of the biggest deals in Kenya's history and offers a foreign government a stake in a venture that is seeking to develop infrastructure for oil production.

Bloomberg news agency reported from India that ONG. . .

Saudi Aramco to Supply Fuel at Lower Prices to Kenyan Oil Firm NOCK

Posted on :Friday , 15th July 2022

State-owned National Oil Corp. of Kenya has signed a deal with Saudi oil giant Aramco to import fuel at lower prices than the global costs of crude, local media reported.

This comes as part of the government’s efforts to lower pump prices in the African state, Business Daily reported.  

As per the government-to-government deal, NOCK . . .

East African Crude Oil Pipeline (EACOP) Project on Track

Posted on :Tuesday , 12th July 2022

A request for a license to begin the construction of the East African Crude Oil Pipeline (EACOP) has been submitted to the government of Uganda by the company in charge of the project. According to Martin Tiffen, general manager of EACOP company they are ready to begin construction. The submitted application will be completed in 180 days, or before the end of the year, according to Honey Maling. . .