Market News

  • Kenya plans to buyback a 20% interest in Turkana Oil

    Posted on :Friday , 10th November 2023

    Kenya intends to repurchase up to 20 percent in the Turkana oil project in what could ultimately conclude whether the public authority supports the task's changed improvement plan and accessibility of assets.

     

    On 02 November 2023 Thursday, Energy and Petroleum Regulatory Authority (Epra) chief general Daniel Kiptoo said the public authority is yet to pursue a choice on whether. . .

  • 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. . .

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