21FEB2019 - NEWS - Crude oil deposits discovered so far in Kenya are insufficient for building of a refinery

According to one of the representatives of the petroleum ministry, the crude oil deposits so far discovered in Kenya are insufficient to allow for the building of a refinery. Kenya discovered commercial oil in 2012 in its Lokichar basin, which Tullow Oil estimates contains an estimated 560 million barrels in proven and probable reserves. Kenya, which does not export any oil, previously had a crude oil refinery at its port city of Mombasa but halted operations in 2013 after plans for a $1.2 billion upgrade were abandoned on the advice of consultants who said it was not economically viable.

Published by Editor - www.Livebunkers.com at 21-Feb-2019 10:05:40 [UTC] , contact editor at editor@livebunkers.com