Market News

  • Fire Protection products and services to be showcased by NAFFCO at the 7th Oil and Gas Africa 2018 in Kenya

    Posted on :Thursday , 3rd May 2018

     NAFFCO the Middle East’s leading producer and supplier of life safety solutions will present its wide range of fire safety equipment at the 7th Oil and Gas Africa organized by Expogroup in partnership with EACCIA, Town and County Planners Association of Kenya and the Ministry of Energy and Petroleum at the Kenyatta International Convention Center (KICC), Nairobi from the 29th to 31s. . .

  • Kenya- New Law Will Boost Oil Exploration and Production

    Posted on :Wednesday , 4th April 2018

     The law is a critical sector enabler. It provides fiscal and regulatory frameworks that govern operations and investments in the sector while setting up institutions that are responsible for making it happen. The law is also the basis for protection of the environment and stakeholder interests while providing the basis for conflict resolution.

     
    To the investors. . .

  • Cooking-Gas Plants worth $125 Million Planned By Kenya Pipeline

    Posted on :Wednesday , 4th April 2018

     Managing Director Joe Sang of Kenya Pipeline Co said that the company has plans to build facilities worth $125 million to handle and store liquefied-petroleum-gas with a view to boosting cooking-gas use in the rapidly urbanizing nation.

     
    The government in East Africa’s biggest economy has scrapped value-added tax on cooking gas and has subsidized the cost. . .

  • Kenya Pipeline Boosts Oil-Storage Capacity By 22% with the Introduction of Tanks

    Posted on :Wednesday , 14th March 2018

     Managing Director Joe Sang said that Kenya Pipeline Co. will spend 5.3 billion shillings ($52 million) building four new tanks that will increase its storage space by more than a fifth.

     
    KPC is adding capacity to meet growing demand for fuels in East Africa, the continent’s fastest growing sub-region, according to the African Development Bank. The additio. . .

  • Positive Emergence in Africas Gas Sector

    Posted on :Monday , 12th March 2018

     Gas discoveries worldwide have outsized oil finds by a ratio of two to one over the past two decades. Led by ‘colossal’ finds in East Africa, Africa’s gas reserves have risen by some two-thirds in recent years. The continent’s proven gas reserves of 503.3 trillion cubic feet (Tcf) at end-2016 (BP data) were mainly concentrated in Algeria, Egypt, and Nigeria –. . .

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