Market News | Oil & Gas Expo Kenya 2017

Market News

  • Pipeline Issues Testing East Africa's Massive Oil Ambitions

    Posted on :Monday , 27th March 2017

    JOHANNESBURG: A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one.

    Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the landlocked discoveries to the coast. That changed last year, when Uganda c. . .

  • Kenya: All Oil & Gas Contracts Signed By Government Should be Made Public - Civil Society

    Posted on :Thursday , 23rd March 2017

    Nairobi — The Kenya Civil Society Platform on Oil and Gas wants all the oil contracts signed between government and oil exploration companies made public since the discovery of oil in Kenya.

     
    Led by Charles Wanguhu, the platform says at least 44 contracts have been signed for drilling in different oil blocks in Turkana but only 10 have been made public.
    . . .

  • East Africa: Tanzanian Energy Firm to Take Over Kenya Oil Unit

    Posted on :Friday , 24th February 2017

    Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.

     
    The acquisition will add to Lake Oil's existing gas distribution business in Kenya.
     
    "It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the. . .

  • Kenya: Global Oil Refiners Show Interest in Kenyan Crude Samples

    Posted on :Monday , 20th February 2017

    Kenya has delivered crude samples from oil wells in Turkana to Asian and European refiners to assess the market before a pilot export scheme starts this June.

     
    The government said the samples from the South Lokichar basin in northwestern Kenya were low in sulphur content, making the oil easier to refine.
     
    "European and Asian refiner. . .

  • Kenya: Fuel Prices Go Up; Petrol Hits Sh100 Per Litre in Nairobi

    Posted on :Wednesday , 15th February 2017

    The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.

     
    Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the car. . .

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