The Director General and CEO of Lapsset Corridor Development Authority Silvester Kasuku is expected to deliver a detailed update of the project in the upcoming East Africa Oil & Gas Summit (EAOGS), the the organizer said. “We are delighted to have the support of Kasuku and his team at the LCDA. The work that the
A statement from Kenya Presidency says Tullow Oil has confirmed will start commercial Oil production in June 2017 following President Uhuru Kenyatta’s directive to expedite exportation of Kenya’s first commercially viable oil. While briefing President Kenyatta at State House, Nairobi Tullow Oil Chief Operating Officer, Paul McDade, said his company has made good progress and
Kenya’s government says it has approved a plan to produce between 2,000 and 4,000 barrels a day of crude oil in an effort to exploit the country’s oil production potential. A statement from the president’s communications department said that infrastructure will be upgraded to allow trucks to ferry the oil to the country’s main port
Kenyan presidency said the nation is still at crossroads on the best option to transport it’s crude from the Turkana region to the port. Presidential spokesperson Manoah Esipisu said during a presser in Nairobi that “Our plans for the first oil extraction are on course and we are seized of the planning and implementing options on
Uganda and Tanzania conspired to deny Kenya an opportunity to present its findings before the Oil Pipeline route was decided Energy Cabinet Minister Charles Keter said. Appearing before the nation’s Senate Energy Committee, the minister said his team was not even allowed to present its case which validly addressed Uganda’s concerns about the 13000 kilometer
At the commencement of Kenya oil production in 2021 (Ceteris Peribus), national revenues will peak at USD 2.6 billion per year with oil prices at $45/bbl and rise to more than USD 5 billion per year at $85/bbl. The details are reviewed in a report titled , “Potential Government Revenues from Turkana Oil” Released by the Kenya
By Mbatau wa Nga The announcement that Uganda and Tanzania had signed an agreement to build an oil pipeline between the former’s oil fields and Tanga Port did not surprise analysts following the ping-pong game between Kampala, Nairobi and Dar-es-salaam. This should not have surprised Kenyan policy makers, either, because Uganda had contracted Total, a
By Hez Gikang’a The big economic and financial news of 2016 is the complete rout of crude oil benchmark prices after prices hit an all-time decade low of US$30 per barrel Tuesday January 12th; markedly different circumstances and a far cry from the exuberance exuded by the Kenyan government, markets, pundits & oil companies in
The government of Kenya has approved the recently announced farmout between giants Africa Oil and Danish giant Maersk. The two firms entered a deal to acquire 50 percent stake in three of the Africa Oil’s onshore exploration licences in Kenya and a further two in Ethiopia. Speaking in relation the approval, Africa Oil’s President and Chief Executive Officer,
Kenya President Uhuru Kenyatta has given a ‘State House team’ until the end of January to work out on the logistics of transporting the crude oil from the oil fields in the Turkana region to the sea-port according to latest Reports. A source quoted by The East African newspaper, said the team has been asked