Kenya has shipped its first crude oil

Kenya has shipped its first crude oil

Kenya is now officially a crude oil exporter. With the first shipment of crude oil the country has joined the select group of oil exporters in Africa.

The first shipment of 200,000 barrels left the port of Mombasa after a brief ceremony that was attended by Kenya’s president Uhuru Kenyatta. Kenya’s crude oil is shipped by Chinese state-owned firm ChemChina. The Chinese won the tender to buy the maiden Kenyan oil.

The crude oil produced in Turkana and stacked at the Kenya Petroleum Refineries Ltd’s (KPRL) storage facilities in Mombasa. BusinessTimesAfrica reports that, according to the president, the new resources vowed that local communities benefit from the oil and that the fruits of the resource are also shared in an equitable and sustainable manner.

To ease the transportation of crude oil from the source in Turkana to Lamu Port (Mombasa), a plan is to be develop to build a pipeline between Turkana and Lamu Port. It is estimated that Kenya’s know crude resources hold a total of 560 million barrels of oil.

Further reading on businesstimesafrica.net

< Previous Next >

Related articles

Kenya’s oil reserve may be a lot bigger than previously assumed. Canadian energy group Africa Oil discovered new reserves, adding 150 million barrels.