The government has brought forward the country’s oil production deadline by two years, a move that could see Kenya become a net exporter earlier than 2022.   President Uhuru Kenyatta yesterday said the government has “set a path” that will make the country become a key producer and exporter by 2019.   This includes expediting the construction of the 891-kilometre (heated) Lokichar–Lamu crude oil.... Read more »

Posted on : Thursday , 25th August 2016

Kenya could be exporting 4,000 barrels of oil daily by mid next year, after President Uhuru Kenyatta led the country’s cabinet in approving the oil commercialization plan by the Ministry of Energy, on Thursday last week.   The initial plan targets 2,000 barrels daily as the biggest economy in East Africa seeks to break away from her dependence on agriculture and tourism as the main foreign exchange earners.   The crude oil.... Read more »

Posted on : Wednesday , 24th August 2016

A special Cabinet meeting on Thursday approved plans to start production of 2,000-4,000 barrels of crude oil in Lokichar that will be transported by both rail and road to Mombasa for refining.   With the country getting ready to full commercial exploitation of oil, discovered in Turkana County by Tullow Oil in 2012, plans are in motion to establish business and infrastructure to market the product abroad.   Therefore, the.... Read more »

Posted on : Wednesday , 24th August 2016

President John Magufuli has directed the Ministry of Energy and Minerals to fast-track the construction of a Liquefied Natural Gas (LNG) plant in Lindi Region to cost 30 billion US dollars (65 trillion/-).   "I want to see this project taking off, there have been a lot of unnecessary delays... just accomplish whatever is creating any bureaucracy so that our investors can begin the work with immediate effect," he.... Read more »

Posted on : Wednesday , 24th August 2016

East Africa-focused oil & gas company Wentworth Resources (OSE:WRL, AIM:WRL) announced improvements of gas production at Mnazi Bay in Q2 2016 by +6.25%.   The Mnazi Bay achieved average gross daily gas production of 51m standard cubic feet (MMscf) per day in Q2 2016, compared to 48MMscf in Q1 2016 (+6.25%).   This was indicated in Wentworth’s press release issued on August 16th 2016.   Geoff Bury, Wentworth.... Read more »

Posted on : Tuesday , 23rd August 2016

Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long.   BG Group, recently acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion-onshore LNG export terminal in partnership with the state-run Tanzania Petroleum Development Corporation (TPDC) by.... Read more »

Posted on : Tuesday , 23rd August 2016

Tanga — Minister of Energy and Minerals, Professor Sospeter Muhongo, has called on the private sector in Tanzania to take fully participation in a big multimillion East Africa Crude Oil Pipeline in order to benefit from it.   Professor Muhongo gave the remark yesterday as he visited chongoleni area in Tanga city, the site where the crude oil from Kabale, Ohima District in Uganda will be received for exportation at Tanga.... Read more »

Posted on : Tuesday , 23rd August 2016

The government is studying possibilities of constructing an oil trading hub in Tanga to supply fuel to East and Central Africa, adding to the region's blessings after it was chosen for the proposed Uganda crude oil export pipeline this year.   The Minister for Industry, Trade and Investments, Mr Charles Mwijage, said this week that the government had started working on an idea of an oil trading hub in Tanga as the region had great.... Read more »

Posted on : Monday , 22nd August 2016

THE government is in plans to widen the scope of companies importing oil in the country in order to create business competitiveness environment that will necessitate reducing the price of oil.   The statement was made here yesterday by the Minister for Energy and Minerals, Prof Sospeter Muhongo when he visited GBP Oil Company in Tanga city.   He said currently the price of oil in Tanzania is still higher in comparison with the.... Read more »

Posted on : Monday , 22nd August 2016

 Kenya and Uganda have agreed on the northern route for the 1,500km pipeline to transport oil from Hoima in western Uganda to the Indian Ocean on Kenya’s coastline, ending a year long dispute between the two countries’ leaders. The path will go through northern Kenya and Lokichar basin before reaching the coastal port in Lamu. This was President Uhuru Kenyatta (“Kenyatta”)’s preferred route. The alternative.... Read more »

Posted on : Thursday , 18th August 2016

 Kenya's plans of joining the oil exporting league moved one step forward on Thursday when the Cabinet approved a commercialisation plan by the Ministry of Energy.   The country now hopes to start exporting 4,000 barrels of crude oil daily by June next year, but the initial plan is 2,000 barrels.   The crude will be transported by road from the Lokichar basin oil fields to Eldoret, from where it will be loaded onto a train or.... Read more »

Posted on : Thursday , 18th August 2016

The Minister for Energy and Minerals, Professor Sospeter Muhongo, revealed yesterday that the government will invest at least 30 billion USD (over 60 trillion/-) for the construction of a gas processing plant in Lindi Region. He said the government is already embarking on the grand plan and that Lindi residents and Tanzanians in general should expect economic revolution in few years to come. Prof Muhongo was speaking during the official.... Read more »

Posted on : Wednesday , 17th August 2016