Continental Focus, International Reach

Kenya Sells Crude for $60 Per Barrel

Tuesday, August 6, 2019

Kenya has sold its first batch of crude oil at a price of $60 per barrel. According to reports, 200,000 barrels of crude were sold from the Tulllow Oil-led development in Turkana.

The appraisal of Kenya’s oil at current market prices sits behind only the premium valued Brent Crude and well ahead of the medium-ranked West Texas Intermediate (WTI).

Like Brent, the Turkana-based Kenyan crude has been described as sweet and light with its light attribute describing its low relatively low density as the sweet sentiment underpins the crude’s low sulphur content.