Connect with us

Hi, what are you looking for?


Kenya set to export first oil shipment from Mombasa

President Kenyatta when he flagged off the Early Oil Pilot Scheme in June 2018. Photo/COURTESY.

MOMBASA, Kenya Aug 26 – President Uhuru Kenyatta was on Monday scheduled to flag-off the inaugural shipment of Kenyan crude oil from the port of Mombasa.

Officials said the export of the Kenyan crude oil will start with a shipment of 200,000 barrels marking Kenya’s entry into the league of oil-exporting countries.

The crude oil from Turkana Oil fields, which is being mined by Tullow Oil, is being exported to Malaysia.

A Chinese company, Chemchina, has bought the first batch of the Kenyan crude oil at USD12 million, which is approximately Sh1.2 billion.

“We are now an oil exporter. Our first deal was concluded with 200,000 barrels at a price of 12 million US dollars,” President Kenyatta said last month.

Kenya’s journey to become an oil exporter began in 2012 when Tullow Oil discovered commercial oil reserves in the Lokichar basin in the northern county of Turkana.

Since last year, Tullow Oil has been running a pilot scheme of transporting some 2,000 barrels of oil per day by trucks to Mombasa from Turkana.

This is to test flow rates and other technical issues before the start of full production and exports via a pipeline to be built by 2022.

Tullow estimates that Kenya’s fields in Turkana hold up to 560 million barrels of oil and expects to produce up to 100,000 barrels per day from 2022.

Advertisement. Scroll to continue reading.

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...