Kenya will export its first barrels of oil - RFI

By RFIPosted 04-08-2019Modified on 04-08-2019 at 03:13

A $ 12 million commercial sale agreement for 200,000 barrels was signed on Thursday, August 1st. Kenyan President Uhuru Kenyatta made the announcement himself without disclosing details.

" We are now an oil exporter. Statement of President Kenyatta who does not hide his joy. 200,000 barrels trucked to the port of Mombasa are ready for export by September. That's 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, is hoping for. Reserves are estimated at about 560 million barrels.

The upcoming export of 200,000 barrels, a modest amount, aims at first to test the appetite of the international market for Kenyan crude. Commercial production will not begin until 2023. In the meantime, a pipeline should be built to move oil to the coast. Amount of investment: one billion dollars. The Kenyan president is counting on this black gold to ensure the country's prosperity and, he says, eradicate poverty.

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