Reports from Kenya indicate that the nation will reap its inaugural oil proceeds by mid-2017 despite the underlying challenge of routing to the sea port. Kenya’s Deputy Chief of Staff Nzioka Waita told local media in Nairobi last week that crude will be delivered to the port by via roads and railway as the nation
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
Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According to Oil News Kenya, the nation’s leadership has reached significant discussions on the issue with the latest being using road transport means as the nation awaits the
By AFP… Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway’s oil capital Stavanger is hungover after the party. “There you go, another rejection.” Roger Schurmeyer holds up the umpteenth job rejection letter he has received on his smartphone.