This archive report was first published on 26 August 2019.
On August 26, 2019, President Uhuru Kenyatta flagged off the first shipment of crude oil from the port of Mombasa, marking a significant milestone in Kenya's oil production journey.
The shipment, valued at Ksh.1.2 billion, was sold to a Chinese firm, ChemChina UK Limited, after a competitive tender process.
According to Tullow Oil CEO Paul McDade, the shipment will continue for the next 18-24 months, with the oil being trucked from the Kipevu Oil Terminal in Mombasa.
“This shipment is the first under EOPS (Early Oil Pilot Scheme) & trucking will continue for the next 18-24 months. For Project Oil Kenya, the Kenya Joint Venture In collaboration with the Government of Kenya target to reach a final investment decision in 2020,” said McDade.
The sale completes the first leg of Kenya's prospects in crude oil production, following the flagging off of the first consignment of crude oil from the Lokichar oil fields in Turkana County in July 2018.
ChemChina UK Ltd is expected to begin shipping out the crude out of Mombasa this week.
