Tullow said it expects to report a $1.5 billion (Sh150bn) writedownThe suspension derails the Ministry of Petroleum’s shipment target of 500,000 barrels of oil. In December, Tullow said only 150,000 barrels of oil had been ferried to Mombasa for pre-shipment storage. Tullow uses a fleet of 100 specialised tankers to lift 2,000 barrels per day over the 1,000 kilometres. By VALENTINE OBARAMore by this AuthorBritish oil explorer Tullow says transport of crude oil from Turkana to Mombasa will remain suspended until further notice. Crude oil transportation by road was launched by President Uhuru Kenyatta in June 2018.

Source: Daily Nation January 15, 2020 12:00 UTC