Market News

  • $130.5 Million LPG Facility Starts Construction in Mombasa, Kenya

    Posted on :Thursday , 23rd March 2023

    Construction has begun on a $130.5 million re-filling plant for liquefied petroleum gas (LPG) and 30,000-ton storage facility at the Dongo Kundu Special Economic Zone in Kenya.


    Construction started on 24th February by Tanzania-based LPG distributor, Taifa Gas, and will service both Tanzania and Kenya in a bid to make clean cooking gas more affordable and accessible for both E. . .

  • Tanzania Kick-starts Contract Preparations for $30B LNG Project

    Posted on :Thursday , 23rd March 2023

    Global energy majors Shell and Equinor have officially started the contract preparations for the development, operation, and maintenance of a $30 billion liquefied natural gas (LNG) terminal in Tanzania.


    The preparations follows the finalization of project negotiations with the Tanzanian government.


    According to H.E. January Makamba, Minister of Energy of T. . .

  • Kenya to Build a Gas Pipeline Linking Tanzania’s Dar es Salaam to Mombasa

    Posted on :Friday , 24th February 2023

    Kenya is exploring the feasibility of constructing a gas pipeline linking Tanzania’s major coastal city of Dar es Salaam to Kenya’s coastal city of Mombasa and later extending it to Nairobi, Kenya’s capital, Africanews reported in October 2022.


    According to Kenya’s new president Dr. William Ruto, the . . .

  • Kenya Poised To Be Petroleum Giant

    Posted on :Thursday , 12th January 2023

    New Energy CS Davis Chirchir has said Kenya is poised to be the region's next petroleum giant following heavy investments. 

    Chirchir said construction of the Sh40 billion New Kipevu Oil Terminal (KOT 2) is a game changer for the country, especially the energy sector.


    He said the government is considering investments in storage and evacuation to match the . . .

  • World Largest Oil Firm Aramco Enters Kenya through Buyout

    Posted on :Thursday , 12th January 2023

    The Competition Authority of Kenya (CAK) gave Aramco Overseas Company, the investment arm of Saudi Aramco, the nod to acquire the Kenyan operations of VGP Holdings as part of the global deal worth $2.65 billion.

    The acquisition looks set to trigger shifts in Kenya’s fuel lubricants market that is currently dominated by multinational firms such as Vivo â€. . .


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