This country is set to join the oil producers club

Kenya is set to join the ranks of oil producing nations after the country's government approved plans to extract up to 4,000 barrels per...

Kenya is set to join the ranks of oil producing nations after the country's government approved plans to extract up to 4,000 barrels per day from newly discovered reserves.
African oil specialist 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.
In its half-year results released July, Tullow Oil estimated that a pilot scheme will allow 2,000 barrels of oil to be produced by the middle of 2017.
A statement released by the Kenyan government Thursday is more bullish, putting initial extraction levels somewhere between 2,000 and 4,000 barrels per day.
As part of the plan, the government is promising an upgrade to infrastructure, allowing trains and trucks to ferry the oil from the country's north west region to the main port in Mombasa.
The cabinet also approved the development of a new Kenya crude pipeline, running from the exploration fields north to Lamu where Kenya is building a second port.
This new port is described by the government as the main transportation route for crude exports in the future.
In its results, Tullow Oil stated that along with partners Africa Oil and Maersk Oil, a memorandum of understanding has been signed with the government of Kenya confirming intent to jointly build the pipeline.
Tullow described the project as "compelling".
The firm estimated that "life of field development costs", which include operating expenditure, capital expenditure and potential pipeline tariffs should be in the region of $25 to $30 per barrel.

COMMENTS

Name

Africa,80,Agriculture,9,BOOKS AND WRITERS,5,Breaking News,29,Business News,85,Cars,7,Celebrity Buzz,1,Constitution,2,Corridors of Power,15,Corruption,41,county,1,County News,231,Crime,15,Drought,1,East Africa,12,Economy,3,Education,58,Elections,1,Elections 2017,24,Energy,4,Entertainment,37,Environment,13,Grammar Column,4,Health,57,IEBC,30,Insight,30,International,169,Internet,2,Justice,72,Latest News,1,Lifestyle,9,Local News,45,Media,1,Mobile Phones,7,Music,1,National,29,National News,343,Politics,366,Road Safety,13,Roads,1,science,5,SECURITY,64,Sifuna Point of View,15,Social,1,Spiritual,1,Sports News,148,Technology,26,Terrorism,17,The Sermon of the Week,8,Tourism,2,Transport,11,Travel,6,West Africa,1,Wildlife,1,
ltr
item
Today in Kenya: This country is set to join the oil producers club
This country is set to join the oil producers club
https://lh3.googleusercontent.com/-m72ePMC-Y50/V648871RmvI/AAAAAAAAABo/XMqXt602_tM/s640/tullow.jpg
https://lh3.googleusercontent.com/-m72ePMC-Y50/V648871RmvI/AAAAAAAAABo/XMqXt602_tM/s72-c/tullow.jpg
Today in Kenya
https://www.todayinkenya.com/2016/08/this-country-is-set-to-join-oil.html
https://www.todayinkenya.com/
https://www.todayinkenya.com/
https://www.todayinkenya.com/2016/08/this-country-is-set-to-join-oil.html
true
6450622781871920184
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy