Trucks loaded with crude oil leave Ngamia Eight in Turkana County on June 3, 2018 after launch of the Early Oil Pilot Scheme. PHOTO | JARED NYATAYA | NMG
A Chinese State-owned petroleum multinational has won the deal to buy Kenya’s maiden crude oil export, giving the Asian nation an upper hand in negotiations when the country moves to commercial production of the commodity.
The maiden shipment of 200,000 barrels of crude from Mombasa is scheduled for next month.
Petroleum principal secretary Andrew Kamau Thursday revealed that ChemChina (UK) Ltd won the bid to lift the Turkana oil, in what marks Kenya’s entry into the league of oil exporting countries.
The Chinese firm, which is the oil trading arm of ChemChina Petrochemical, is engaged in crude oil trading, storage and procurement for ChemChina’s refinery companies.
The firm also has a presence in West Africa, according to its online profile.
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