Petroleum Africa
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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.
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