Kenya’s maiden crude oil is ready to hit the worldwide market. President Uhuru Kenyatta will Monday morning flag off the inaugural cargo of Kenyan Crude Oil on the port Of Mombasa.
The crude oil will probably be shipped by Chinese language state owned agency ChemChina which received the tender to purchase the maiden Kenyan oil early this month.
The sale provides momentum to the nascent oil exploration trade in Kenya.
The export of Kenyan Crude Oil will begin with a cargo of 200,000 barrels marking Kenya’s entry into the league of oil exporting nations.
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ChemChina UK Ltd was chosen as the client for Kenya’s first crude oil exports price Sh1.2 billion.
Tullow estimates that Kenya’s onshore fields in Turkana maintain 560 million barrels of oil and expects them to supply as much as 100,000 barrels per day from 2022.
The federal government had acquired eight bids from worldwide companies representing…