By Celeste Hicks -allAfrica.com
As the Kenyan government aims to get legislation governing its emerging oil sector before parliament by June, many are starting to ask whether the country will overtake Uganda and become East Africa’s first oil exporter.
With reserves estimated at 600 million recoverable barrels of oil in the Lake Turkana region and the UK’s Tullow Oil reporting a number of successful well tests, there are many within the country who believe production could start as early as 2016.
Tullow Oil certainly seems confident that more is to come, saying in their annual report 2013 that “Uganda and Kenya are now at the heart of an emerging powerhouse in future global oil supply markets”.
But while Tullow continues its exploration in the South Lokichar Basin where a number of successful wells have already been drilled including Ngamia and Twiga, there are a number of issues that stand in the way of rapid development.
For full article click here.
December 19, 2014 //
By JULIE CRESWELL -The New York Times PepsiCo wants in. So do Caterpillar and ...
December 18, 2014 //
B By MARK LANDLER and MICHAEL R. GORDON 0f The New York Times WASHINGTON — The de...