Kenya to Export First Barrels of Oil

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Kenya to Export First Barrels of Oil
Kenya to Export First Barrels of Oil

A $12 million commercial sales agreement for 200,000 barrels was signed on Thursday, August 1.

Kenyan President Uhuru Kenyatta made the announcement himself without disclosing details.

“We are now an oil exporter.” Statement by President Kenyatta that does not hide his joy.

200,000 barrels trucked into the port of Mombasa are ready to be exported by September.

In any case, this is what the British oil company Tullow Oil, which discovered the oil fields in 2012 in Turkana, a region in the north-west of the country, hopes.

Reserves are estimated at about 560 million barrels.

The upcoming export of 200,000 barrels, a modest quantity, is initially aimed at testing the
international market’s appetite for Kenyan crude oil.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

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