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Kenya is banking on the $385 million new Kipevu Oil Terminal to wrest the petroleum business from Dar es Salaam port, which has been supplying the Great Lakes region. Tanzania turned the tables on the port of Mombasa after persisted allegations of adulteration of petroleum products on the Northern Corridor.
The Kenyan government is in discussion with investors over a pipeline to be laid for linking oil fields in the north of the country to a port at Lamu. The pipeline project was previously estimated at $2 billion but now is expected to be completed in $1.1billion. Kenya is soon initiating an early oil project, six years after crude was discovered in the remote Turkana region, by Tullow Oil Plc.
The Kenyan government is in discussion with investors over a pipeline to be laid for linking oil fields in the north of the country to a port at Lamu. The pipeline project was previously estimated at $2 billion but now is expected to be completed in $1.1billion. Kenya is soon initiating an early oil project, six years after crude was discovered in the remote Turkana region, by Tullow Oil Plc.
