Market News| Africa Business News

Kenya- Kenya Pipeline Company Storage Tanks Almost Complete.

Kenya Pipeline Co. (KPC) is set to complete the construction of US$53 million worth of new fuel storage tanks in Nairobi soon to receive high volumes of products from the port of Mombasa. KPC said Indian firm Prashanth Project Ltd (PPL) was currently working on four tanks with a capacity to store 133 million litres and Zakhem International Construction is at the tail-end of finishing a new pipeline from Mombasa to.... Read more »

Posted on : Saturday , 6th January 2018

MAGUFULI WANTS 'FIRST OIL' BEFORE 2020

John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020. After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil production. However, Magufuli believes that it can be done.... Read more »

Posted on : Tuesday , 5th December 2017

GAS CONSUMPTION TO RISE BY 30PC IN 2017

Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year. London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the reserve is 1.6 trillion cubic meters. David Earnshaw, Laura.... Read more »

Posted on : Tuesday , 5th December 2017

KENYA- PROJECTS TO IMPROVE OIL SUPPLY LOGISTICS

To enhance the availability of fuel at home and in the neighboring countries the Kenya Pipeline Company (KPC) is undertaking a number of petroleum infrastructure projects. They include the enhancement of storage capacity, the replacement of pipelines, and investment in loading facilities. With efficient infrastructure, Kenya is assured of a adequate, reliable, and cost-effective supply of petroleum products across.... Read more »

Posted on : Thursday , 30th November 2017

Kenya- Nairobi County to Build Centralized Oil Tankers Parking

The Nairobi County government is committed to constructing a centralized tanker parking and marshaling yard in the city, aimed at ensuring safety in handling of petroleum products. This is under the Legal Notice No.9 of 2011, which gazettes the aforementioned area as a Protected Area. The county government will bring the Kenya Railway on board, to cede ground for land in the vicinity of the construction of the project.... Read more »

Posted on : Friday , 24th November 2017

Tanzania Reach Gas Deal With Dangote

Dangote cement and Tanzania have come to an agreement on the supply of natural gas to the firm’s manufacturing plant in Tanzania after negotiations stalled over prices. The 500 million dollars cement factory which is located in Mtwara was set up last year with an annual capacity of three million tonnes, runs on expensive diesel-generators and has sought government-support to reduce costs. The plant was shut down.... Read more »

Posted on : Thursday , 23rd November 2017

Zarara To Begin Lamu Offshore Drilling

NEMA has given a British oil and gas firm the green light to start Sh16.4 billion drilling for commercial gas on Pate Island, Lamu county. The National Environmental Management Authority (NEMA) has cleared Zarara Oil and Gas Ltd to start drilling one of two wells believed to contain huge natural gas deposit on the archipelago. Mr. Salim Ahmed Bashir - Lamu County Nema director of environment - confirmed that Zarara has.... Read more »

Posted on : Wednesday , 1st November 2017

Oil Discovery in Kajiado is God's Blessing Says Lenku

An exploration process is set to begin in the village of Kajiado’s Inkokirding’a after the discovery of gas in the region last week. George Igunza, A Senior Geothermal Development Company geochemist made the announcement on Tuesday; he also revealed that a gas sample from the borehole at a farm in the Kipeto plateau had undergone analysis successfully. The analysis revealed the presence of pure methane gas.... Read more »

Posted on : Friday , 13th October 2017

Tanzania-Ntorya Project Tipped to Prosper

The recently appraised Ntorya Project is all set to take the next step in its development and is being set up for construction. Solo possesses a 25% stake in the project, which is being operated by Aminex. Minority partner AIM is said to be looking for a new form of financing, with a new partner or divestment remaining viable options. An upgrade in the resource estimate has seen the assets value receive a boost,.... Read more »

Posted on : Friday , 29th September 2017

Kenyan offshore patrol vessel handed over

Bangladeshi shipbuilder Western Marine Shipyard (WMS) has handed over the offshore patrol vessel MV Doria for Kenya's Ministry of Fisheries, Livestock and Agriculture at its facilities in Bangladesh, and will sail it to Kenya at the end of this month. The handover ceremony on 13 August was attended by Bangladesh’s Finance Minister Abul Maal Muhith and Managing Director of WMS Sakhawat Hossain, at the company’s shipyard.... Read more »

Posted on : Tuesday , 12th September 2017

East Africa: Total Seeking Kampala-Dar Pipeline Route for Kenya Oil

French oil giant Total, which is consolidating its position in the region's extractives sector through its full acquisition of Maersk Oil and Gas stake in Kenya's South Lokichar oilfields, plans to push for discussions that would see Kenya's oil transported through the Uganda-Tanzania pipeline. Such a decision, still at the wishful thinking stage, would have far-reaching implications for Kenya's grand infrastructure project -- the.... Read more »

Posted on : Tuesday , 12th September 2017

Lobby raises red flag over Total�s role in oil plan

Festering differences between the Energy ministry and French oil major Total could disrupt Kenya’s upstream oil industry even before it begins commercial production, an industry lobby has warned. The French firm last month acquired Maersk Oil’s global business, giving it a 25 per cent stake in the three blocks in Lokichar that are being readied to start oil production. It will partner with Tullow Oil – which is the.... Read more »

Posted on : Tuesday , 12th September 2017