The Wayback Machine - https://web.archive.org/web/20190827094857/https://allafrica.com/stories/201908270141.html

Kenya: Uhuru Kenyatta Flags Off First Crude Oil Shipment At Mombasa Port

26 August 2019

President Uhuru Kenyatta arrived at the port of Mombasa to flag off the inaugural shipment of Kenya's crude oil on Monday.

The country will export 200,000 barrels of the Turkana crude marking its entry into the league of oil-exporting countries.

The oil is valued at Sh1.3 billion based on the international crude oil prices of about $63 (Sh6,500) per barrel.

The small-scale export is intended to test the international markets’ reception of Kenya’s low-sulphur oil ahead of commercial production, which is estimated to start in the second half of 2023.

British oil explorer Tullow has been moving the crude by road to Mombasa. It started moving about 600 barrels per day (bpd), but raised the volume to 2,000 in May.

President Kenyatta announced on August 1 that Kenya had struck a deal with an oil exporter but did not disclose the buyer.

More follows...

See What Everyone is Watching

More From: Nation

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

Quantcast
Morty Proxy This is a proxified and sanitized view of the page, visit original site.