British Companies Explore More Kenya Oil

TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya.

The company is involved in a couple of wells in the East African country.

"(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, including the ordering of long-lead items.

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Kenya: CFC Eyes Oil, Gas and Infrastracture Deals

CFC Stanbic bank has ruled out partnering with local banks in scouting for deals in capital-intensive infrastructural projects including those in oil and gas exploration.

The financial services group, owned 60 per cent by Africa's largest lender Standard Bank Group of South Africa, said it has enough financial muscle from parent company and its partners including Industrial and Commercial Bank of China, the world's largest lender by assets.

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Kenya plans oil jetty to cut import costs, handle crude exports

State-run National Oil Corporation of Kenya (NOCK) is revamping plans for a new oil jetty in the port city of Mombasa so it can both cut the cost of imports and handle crude exports from east Africa.

Initial plans unveiled in 2012 for the oil jetty, or single buoy mooring, and storage facilities were pushed back to change the scope and design after oil was found in Kenya.

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