Petroleum Africa
Find us on: 
Tuesday, May 22, 2018
Kenya will see the start-up of small-scale exports of crude oil from its fields in the far northern county of Turkana in June. Exports are possible following an agreement on how to share the revenue was reached, according to a statement from the presidency. The deal will allow delays to be averted.
Production has been held up over a disagreement concerning production sharing amounts with the county and local government. President Uhuru Kenyatta had the share of the Turkana county government to 15% and that of the local community to 5 percent, leaving the rest to the national government.
The president met officials recently from Turkana at State House in Nairobi to strike a new deal, which will raise the county government’s share to 20% and cut the national government’s to 75%.
“We now have an understanding that can put Kenya on the map of oil exporting countries,” Kenyatta said in a statement.
The production will come from Tullow Oil and Africa Oil’s reserves discovered in Kenya’s Lokichar Basin.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
