Market News

  • Kenya Setting Up Standards For Biogas Packaging

    Posted on :Tuesday , 11th October 2022

    Kenya is setting up standards that will pave the way for the commercialisation of biogas, a move that will offer cheap energy for consumers in the wake of the high cost of LPG and generate revenue for producers, according to Business Daily Africa.

     

    Kenya Bureau of Standards (KBS) said it is working on the norms for the packaging of biogas, which is the only thing that has been. . .

  • Ruto to Construct the Tanzania-Kenya Gas Pipeline

    Posted on :Tuesday , 11th October 2022

    Kenya intends to pursue the construction of a gas pipeline linking Tanzania's main city, Dar es Salaam, to the coastal city of Mombasa and on to the capital Nairobi, in a bid to reduce energy costs, Kenya's president William Ruto has said.

     

    The 600km pipeline has been estimated by local reports to cost around US$1.1bn (£990m).

     

    The President spok. . .

  • Africa Oil Sees Progress Looming in Nigeria, Kenya

    Posted on :Tuesday , 27th September 2022

    Africa Oil expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.

     

    The company’s famously bullish CEO and president Keith Hill said the Island Innovator rig was 10 days out from arriving on location in South Africa.

     

    Block 2B, . . .

  • Indian government to buy Sh356.5bn Tullow Oil stake in Turkana

    Posted on :Wednesday , 3rd August 2022

    Two Indian state-backed companies are in talks to acquire Tullow Oil's stake in Turkana oil projects in a deal estimated to breach Sh356.5 billion ($3 billion).

    This will mark one of the biggest deals in Kenya's history and offers a foreign government a stake in a venture that is seeking to develop infrastructure for oil production.

    Bloomberg news agency reported from India that ONG. . .

  • Saudi Aramco to Supply Fuel at Lower Prices to Kenyan Oil Firm NOCK

    Posted on :Friday , 15th July 2022

    State-owned National Oil Corp. of Kenya has signed a deal with Saudi oil giant Aramco to import fuel at lower prices than the global costs of crude, local media reported.

     

    This comes as part of the government’s efforts to lower pump prices in the African state, Business Daily reported.  

     

    As per the government-to-government deal, NOCK . . .

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