Kenya’s President launched exports from the Turkana oil fields

By professo

On 2 June exports began from Kenya’s Turkana oil fields, launched by President Uhuru Kenyatta as he waved the nation’s flag.

The President has claimed that every Kenyan will benefit from the proceeds of the exported crude oil.

The country aims for the oil to diversify its exports, as well as boost hard currency and making imports more affordable.

“We will ensure every Kenyan has benefited from the oil,” President Kenyatta stated as the launch.

“My Government will therefore focus on the development of our oil and gas sectors for the betterment of the economy and people,” he added.


Four trucks left Ngamia Eight in the Turkana oil fields, loaded with oil in the direction of Mombasa’s sea port.

Each of the transportation trucks has the capacity for 150 barrels of oil, with 110 trucks expected to move approximately 2,000 barrels per day.

The oil will be stored at the defunct refinery, until 400,000 barrels have been collected to fill the oil tanker.

The day marked the launch of the Early Oil Pilot Scheme (EOPS) that was introduced last year.

The scheme aims to evaluate global supply logistics to create the price of the Turkana oil.

“This is high quality oil and we expect it to trade well in the global market,” remarked Paul McDade, CEO of Tullow Group.


Featured Articles

Top 10 startups to watch in 2023: Middle East & North Africa

From foodtech to fintech, video streaming to logistics, the companies on our top 10 MENA startups' list continue to innovate, grow and attract funding

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Human Capital

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance