Kenyan government on Tuesday 14/3/2017 signed an oil exportation agreement with Tullow Oil, Africa Oil and Maersk International.
The signing will pave way for Kenya to start oil exportation early. The country is expected to see oil transported from the Turkana’s Lokichar oil fields by road from next month.
Tullow Oil Company and its partners have stored about 70,000 barrels of crude oil in their Turkana storage expected to be used as the pilot program.
According to Energy Cabinet Secretary Charles Keter, the signing of the agreement paves the way for the start of tests on the viability of Kenya’s oil before going fully commercial in 2020.
Separately, Kenya Pipeline Company (KPC) last week signed a lease agreement with the Kenya Petroleum Refineries Limited (KPRL) that will see the government store crude oil before export.
So far, Kenya has 750 million barrels of recoverable crude oil with more exploration activity still underway.