47612
Kenya to Join Oil Producers Club
Kenya to Join Oil Producers Club

Kenya to Join Oil Producers Club

Kenya to Join Oil Producers Club

Kenya is set to join the ranks of oil producing nations after its government approved plans to extract up to 4,000 barrels per day from newly discovered reserves. African multinational oil and gas company 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, CNBC reported. Tullow Oil estimated that a pilot scheme will allow 2,000 barrels of oil to be produced by the middle of 2017. But the Kenyan government has put initial extraction levels 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 northwest 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 for crude exports in the future.

Short URL : http://goo.gl/5G77Jh
  1. http://goo.gl/OrW28I
  • http://goo.gl/cIk0m7
  • http://goo.gl/86FqTX
  • http://goo.gl/RymoFm
  • http://goo.gl/ZtIdxg

You can also read ...

The OGCI initiative is now made up of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.
ExxonMobil, Chevron and Occidental Petroleum are joining the...
Zanganeh to Veto OPEC Decisions Against Iran
Oil Minister Bijan Namdar Zanganeh on Thursday said he would...
New Delhi Will Pay for Iranian Oil in Rupees
India may revert to paying Iran in rupees for the oil it buys...
US Wants Lower Oil Prices  for Protecting Arab States
US President Donald Trump on Thursday demanded OPEC lower...
Iraq Crude Exports From South Nearing Record High
Crude oil exports from southern Iraq are close to a record...
MAPNA to  Build Petrochem,  Power Plant in Parsian SEZ
Iran's top engineering and energy enterprise MAPNA Group is...
US Oil Sanctions to Harm Int'l Economy
Imposing sanctions against oil producing states like Iran will...

Trending

Googleplus