Kenya fuel imports to grow a third over next two years
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- Category: Oil & Gas
- Published on Sunday, 01 December 2013 14:04
- Written by Super User
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Kenya's diesel and gasoline imports are set to rise by a third over the next two years, driven by a growing auto fleet and rising industrial activity amid a lack of refining capacity, the head of the country's state oil company said Thursday.
Operations at East Africa's only refinery, in Mombasa on Kenya's southeast coast, were halted this year after co-owner India's Essar Energy and the government disagreed on expansion plans for the plant.
Africa's overall refining capacity has also failed to keep up with the continent's rapidly growing appetite for fuel products, prompting trading houses such as Trafigura, Vitol and Gunvor to invest heavily in expanding their operations on the continent in recent years.
Read more: Kenya fuel imports to grow a third over next two years
Recent discoveries in Kenya highlight oil and gas potential
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- Category: Oil & Gas
- Published on Tuesday, 05 November 2013 10:08
- Written by Super User
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Kenya’s run of geologic luck continues, following the announcement of the country’s fourth consecutive discovery of oil by the UK's Tullow Oil and Canada's Africa Oil. Similarly, while activity in the natural gas sector is proceeding at a slower pace, following the recent departure
Read more: Recent discoveries in Kenya highlight oil and gas potential
Africa Oil sees interest from foreign investors in East African oil exploration
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- Category: Oil & Gas
- Published on Tuesday, 05 November 2013 10:05
- Written by Super User
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Investment into Africa’s burgeoning oil and gas sector is expected to rise in coming years as big oil companies and foreign investors from the US, Europe and Far East finance existing and new projects in the continent.
According to Keith Hill, CEO of Canadian oil and gas
Read more: Africa Oil sees interest from foreign investors in East African oil exploration
Africa Oil provide Kenya operations update
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- Category: Oil & Gas
- Published on Tuesday, 05 November 2013 10:03
- Written by Super User
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Africa Oil Corp. ("Africa Oil" or the "Company") announces that the Company and its operating partner, Tullow Oil plc ("Tullow" or, together, the "Partnership"), have temporarily suspended all operations as a precautionary measure in Block 10BB and Block 13T
in Northern Kenya.