Kenya will export its first barrel of oil from Turkana between July and September , Tullow Oil has confirmed. "The Early Oil Pilot Scheme continues to truck 600 barrels to Mombasa where 80,000 barrels of oil are being stored ahead of export expected in the third quarter of 2019," the Tullow Oil statement read. President Uhuru Kenyatta launched the Early Oil Pilot Scheme (EOPS) last June, setting stage for the country’s commercial production expected to begin in 2021/22. The cost of the pipeline is estimated at Sh110 billion ($1.1 billion), with a further $2.9 billion (Sh290 billion) needed for upstream operations. "The board will be asking Tullow shareholders to approve the Group’s first dividend payment since 2014.

Source: The Star April 26, 2019 01:52 UTC