Hii mafuta itawai tufikia?

News & Politics
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[SIZE=6]Citi sees Tullow selling Kenya oil ahead of Uganda output[/SIZE]

Kenya is likely to take its first oil to the international market before Uganda, which discovered hydrocarbons six years earlier, Citi investment bankers say.

While Tullow Oil Kenya has previously given 2017-2018 as the likely date of production for Kenya, the analysts said this can only happen towards the end of 2020 while for Uganda it will start by 2021.

Kenya’s production and export would help Uganda as a pipeline will be ready by the time its oil is ready for sale, the analysts said.

Uganda has faced hurdles in its bid to exploit the resource despite having made discoveries in 2006 due to disagreements on production sharing laws, lack of an export pipeline and a refinery.

According to Citi, most growth in revenues for Tullow Oil after 2018 will come from Uganda and Kenya.

“Beyond 2018, further production growth will be driven by the delivery of the Ugandan export development and the development of the recent discoveries in the Lokichar Basin in Kenya,” said Citi.

The analysts said commencement of Kenya oil exports and a pipeline will provide guidance on how to proceed with exports in Uganda.

“Progress with the Kenya export development will provide greater clarity and viability to the Uganda export project, which will tie into the Kenya pipeline,” says Citi.

Plagiarized from → http://www.businessdailyafrica.com/Citi-sees-Tullow-selling-Kenya-oil-ahead/-/539552/2688136/-/155c3wmz/-/index.html

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I think tutakuwa kama Nigeria… an oil producer but the refined products price wise sioni kukiwa na difference… not forgetting Tullow is British

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Ambieni minister to make public Production Sharing Agreement. Hapo ndipo karata ya mafuta in Africa huchezewa

5 Likes
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hii oil itatuletea mashida tupu.like any other african country with oil reserves…

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Inakaa we will export it then we import.

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@peabody, hama boss

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Where’s the investment in refining capacity?

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Shida sponsored by some western country. Bado sijawai ona effect ya titanium

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Hii Tullow oil has been discovering oil all over the globe but has never produced a single barrel.

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Tullow ni mabroker. they exploit buy lease the wells get necessary permits and concessions then flip over to the upstream giants like BP. this is why you are told not to expect a drastic drop in the pump prices

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Kama itakuwa cha ivo afadhali tuchukuwe mabunduki basi