Market News

  • Kenyan Government turns focus toward ramping up oil and gas production

    Posted on :Thursday , 25th April 2019

    The opportunities lying in the oil and gas sector want to be utilized notes the Ministry of Petroleum and Mining, as Kenya looks to commercialize production of petroleum in 2021 with export already planned and scheduled for the year 2023. While only 10,000 square kilometers of its 85,000 square kilometers of oil and gas basin has been explored .i.e. only 12 %  found in the country has been. . .

  • GREASING THE WHEELS OF KENYAS NASCENT OIL AND GAS SECTOR

    Posted on :Thursday , 4th April 2019

    Discovery of oil and gas reserves provides significant opportunities of development for Kenya and other countries. Being conscious that production and exploration and production carry quite a few health and environmental risks,

    The Kenyan government is keen to put in the necessary safeguards. Being the largest greenhouse gas emitters the Oil and Gas industry are one of the largest emitt. . .

  • Triple oil production strategies in South Sudan

    Posted on :Tuesday , 2nd April 2019

    South Sudan's ambassador to Ethiopia and the African Union, James Morgan, voiced that with his country enjoying relative peace after almost five years of civil war, South Sudan has turned its sights on reviving its oil sector. 

     

    Despite the ongoing efforts to increase non-oil revenues, South Sudan depends on oil production to finance more than 90 percent of its fiscal. . .

  • African oil imports sustained by China

    Posted on :Tuesday , 26th March 2019

    Uncertainty over US waivers for investors of oil from Iran is commencing to grip the market again, under very different circumstances than when American sanctions were set to go into effect in 2018.

     

    Before existing exemptions were granted, traders in Saudi Arabia were forecasting $100 oil, and Donald Trump was looking forward to a decrease in fuel rates ahead of US midter. . .

  • Tullow initiates a probe for Kenya Oil Investors

    Posted on :Monday , 25th March 2019

    Tullow, a British oil exploration company has commenced an exploration in Kenya for small scaled crude petroleum exports. The first shipment is expected in the next three months.

     

    Unnamed potential investors of the Turkana commodity has shown interest in the stocks.The initial market reactions have proven to be positive.

     

    About 600 barrels are being t. . .

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