More trucks for crude to Coast as export plan remains cloudy - News Summed Up

More trucks for crude to Coast as export plan remains cloudy


The involvement of more trucks will mean more expenditures in the multi-billion shilling experiment meant to try Kenya’s crude in refineries overseas. ExperimentThe Kenya Civil Society Platform on Oil and Gas, which described the scheme to truck crude oil to Mombasa to test the country's crude as a ‘Sh4 billion loss experiment’ in 2016 said the plan to export crude oil may still meet various hurdles. KCSPOG Coordinator Charles Wanguhu said construction of the 821-kilometre crude oil pipeline may take longer given the outstanding issues in the ongoing negotiations between the parties Involved, which may delay the crucial Final Investment Decision. It means things will only start unfolding faster after the first shipment followed by the FID and then the financing of the crude pipeline," Mr Wanguhu said. The Tullow manager, however, said the pipeline FEED was on target after it completed in February 2019.


Source: Daily Nation May 26, 2019 18:00 UTC



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