News Cost of Turkana oil pipeline now drops by Sh100 billionMr Andrew Kamau, Petroleum principal secretary. Petroleum principal secretary Andrew Kamau said the cost of building the pipeline has dropped to an estimated Sh110 billion from the Sh210 billion quoted earlier. “Earlier studies were based on the original design that factored in Ugandan oil, but now it’s just Turkana oil, making it necessary to reduce the diameter.” Mr Kamau said. The pipeline will snake its way from the Turkana oil fields in northern Kenya to Lamu seaport. Kenya is, however, in the short-term gearing up for an early oil export plan meant to test the global supply logistics and determine the price-point for the Turkana oil.

Source: The North Africa Journal May 31, 2018 03:56 UTC