Kenya will start a search next week for companies to design a crude oil export pipeline costing some $2.1 billion and which should be completed by 2021, Energy and Petroleum Minister Charles Keter said. Tullow Oil and partner Africa Oil first struck oil in Lokichar in northwest Kenya in 2012 and Keter said the pipeline
A fee of $12.2 will be levied on each barrel of oil from Uganda going through the proposed Hoima-Tanga crude oil pipeline. According to the technical report which formed basis for Uganda’s decision to settle with the southern route, the tariff is considered least compared to $17 (or higher) estimated for the route from Hoima
Uganda announced settling for the Southern route to Tanzania’s Port of Tanga as the economically viable oil pipeline exit point as opposed to Kenya. The Tanga route was backed by Gulf Interstate Engineering study and French giant Total was the major stakeholder while the Southern and northern Kenya routes, were informed by Toyota Tsusho feasibility
Undercover reports emerging from the talks between Kenya and Uganda on Crude oil routing options indicate that Uganda has finally settled with Tanzania’s port Tanga as the Oil exit point. A senior Kenyan official told the The East African newspaper on Saturday that Uganda had stuck to the route between Hoima and Tanzania’s Tanga Port route instead of
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
Tullow Oil Plc, a major operator in both Uganda and Kenya Oil sector says there are enormous opportunity costs if both nations fail to agree on a joint pipeline. The company is waiting settlement on the Oil pipeline route and decision on the market options before making operational Final Investment Decision in both East African
A team from Kenya Oil ministry assigned to a fact finding mission on the viability of Uganda Oil Pipeline export routes suffered setbacks after allegedly being denied entry into Port of Tanga by Tanzania Officials. The team was created following a meeting between Uganda President Yoweri Museveni and Kenya’s Leader Uhuru Kenyatta, respective oil ministry
Kenya and Uganda’s presidents and oil company executives will meet today Monday 21, 2016 for discussions on a route for a pipeline to transport the two countries’ oil, the Kenyan president’s confirmed. Resolving the pipeline route is crucial to helping oil companies involved in Uganda and Kenya to make final investment decisions on developing oil
Tanzanian Presidency said French giant Total is willing to Fund the construction of a crude Oil export pipeline from Uganda oil fields to Tanzania Port town of Tanga. The remarks from Tanzania presidency came following a meeting between Total Chief Executive Javier Rielo and Tanzania President John Pombe Magufuli. “Javier Rielo assured President John Magufuli
By Silver Kayondo… Oil prices have plunged again after China and South Korea posted weak economic results, while fading prospects for a coordinated output cut by leading crude exporters to reduce over-supply continue to hurt the market. China’s manufacturing sector has contracted at the fastest pace since January 2012, adding to the pile of worries