Market News
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National Oil Renews Its Effort for Collaboration in the Magadi Basin's Oil and Gas Exploration
Posted on :Friday , 10th November 2023
The Public Oil Enterprise of Kenya (NOC) has resuscitated the quest for an essential accomplice, to finance its oil and gas investigation in its Block 14T situated in the Lake Magadi Bowl.
NOC last week moved to employ a specialist who will be accused of assisting the organization with bundling the information it has accumulated such a long ways about the oil block to tempt l. . .
See the $1.1 Billion Project That Will Transform the Markets of Kenya and Tanzania
Posted on :Tuesday , 5th September 2023
The sale to readapt the now-defunct state-owned Kenya Petroleum Refineries Ltd (KPRL) was finalized by Kenya, clearing the way for a gas pipeline to run from Dar es Salaam to Mombasa.
The feasibility assessment has been finished, according to Davis Chirchir, the Kenyan Cabinet Secretary for Energy and Petroleum, and will soon be followed by the signing of a transnational agre. . .
Kenya's Ambition To Become East Africa's Petroleum Hub Is Becoming Shape.
Posted on :Tuesday , 22nd August 2023
Kenya is supporting its benefit over Tanzania in its offered to give oil based commodities in the East African area, with the country's bureau this week endorsing the Kenya Pipeline Organization's (KPC) obtaining of resources from the bankrupt Kenya Oil Treatment facilities Ltd (KPRL).
KPC is assuming control over KPRL's 45 stockpiling tanks, which have a limit of 484 million. . .
Indonesian Minister Says Pertamina Plans on Establishing Oil Refinery in Kenya
Posted on :Monday , 31st July 2023
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan revealed that state-owned oil and gas company Pertamina plans to expand its business to East Africa by establishing an oil refinery in Kenya.
"Pertamina will enter Kenya after being asked to establish an oil refinery there. We also see an opportunity to bring their crude oil to Indonesia," Pandj. . .
Indian Firms in Bid to Buy 50% Stake in Kenya's $3.4bln Oil Project
Posted on :Monday , 14th August 2023
Indian oil firms ONGC Videsh and Oil India Ltd partner for the possible acquisition of a 50 % stake in London-based Tullow Oil's $3.4 billion oilfield project in Kenya, Press Trust of India news agency reported, citing informed sources.
However, the Indian consortium faces competition from Chinese energy giant Sinopec, which has entered the competition following delays by Ind. . .
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