By NEVILLE OTUKIMore by this AuthorThe impending early oil export plan is not a cash-making venture but aims to test supply logistics and determine the commodity’s price-point in the global market, the Government has said. Petroleum Principal Secretary Andrew Kamau yesterday said the small-scale exports would help determine the price which international dealers are willing to pay for Kenyan oil. But that will correct out with time before we embark on commercial production,” said Mr Kamau. In the early oil pilot scheme (EOPS), some 2,000 barrels of the commodity will be hauled per day to Mombasa by road —a 10-day roundtrip. After the construction of a pipeline by 2021, commercial production will take off that will see up to 80,000 barrels pumped out per day.

Source: Daily Nation May 30, 2018 16:41 UTC