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

Details

Category: Oil & Gas

Published on Tuesday, 09 September 2014 09:17

Written by Super User

Hits: 2305

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.

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

Kenya to sped 120 mln USD to relocate oil terminal to cut fuel costs

Details

Category: Oil & Gas

Published on Friday, 11 April 2014 05:03

Written by Super User

Hits: 2169

Kenya's government said Saturday it has begun the process of relocating Mombasa-based Kipevu oil terminal to create additional capacity at a cost of $120 million.

Kenya Ports Authority chairman Danson Mungatana said the new terminal, expected to be completed in 2018 and will reduce fuel pump prices in the East African nation.

"Preliminary design of the new facility has been undertaken and the relocation agreed upon by all stakeholders. The detailed design will cost 1.7 million dollars while construction of the facility will cost about 120 million dollars," said Mungatana.

The KPA chairman who was speaking during the official launch of the Kenya Oil and Gas Association in Nairobi said the new terminal will have capacity for two large vessels each carrying 100,000 tons of crude oil.

Kenyan oil firms have previously cited the high cost of refined petroleum products to losses incurred as a result of refining at the Kenya Petroleum Refineries Limited (KPRL) facility in Kipevu.

Read more: Kenya to sped 120 mln USD to relocate oil terminal to cut fuel costs

Kenya to become oil producer by 2017

Details

Category: Oil & Gas

Published on Monday, 21 July 2014 11:27

Written by Super User

Hits: 2398

Kenya is expected to join the league of oil producing countries in Sub Saharan Africa by 2017, going by the efforts of UK-listed Tullow Oil and partner, Australia’s Africa Oil Corporation to submit a field development plan (FDP) by 2015. Although the first oil discovery in Kenya was only made 2 years ago by the two oil companies in the North-west of Kenya;

a region called Turkana County, the oil explorers believe production can be started within the next three years.

Read more: Kenya to become oil producer by 2017

Kenya Refineries petitions MPs over proposed $1.2bn upgrade

Details

Category: Oil & Gas

Published on Friday, 11 April 2014 04:55

Written by Super User

Hits: 2358

Kenya’s troubled oil refinery has petitioned parliament to sanction the upgrade of the facility ahead of the proposed exit of Indian conglomerate Essar from the Mombasa-based plant.

The Kenya Petroleum Refineries Ltd (KPRL) said an upgrade of the refinery — estimated to cost at least $1.2 billion — was more feasible than the planned building of a new refinery at Lamu.

In a proposal to the Public Investment Committee (PIC), KPRL said oil discovered in northwestern Kenya, expected to be produced in the next three to four years, can be processed with comparative low investment if upgrading is done.

The politics around the upgrade or closure of the refinery as well as the exit of Essar have set East Africa talking, with the region desperate to have a strategic refinery following oil finds in Kenya and Uganda.

Read more: Kenya Refineries petitions MPs over proposed $1.2bn upgrade