Kenya in Fresh Quest for KSh500 Billion for Pipeline Construction
Kenya is in a new quest for $5 billion, seeking to finance the country’s development of infrastructure from Lokichar to the coastal region through a public-private partnership.
According to Mining and Petroleum Cabinet Secretary, John Munyes, the amount will enable constructing a pipeline, storage facilities, and central processing. It will also ensure the upgrading of the refinery facilities in Lamu and Mombasa, thus eliminating crude oil transportation using trucks from Turkana to coast.
“We could upgrade the Mombasa refinery that is currently being used to store our crude oil and others will come up. We are also looking at having a model oil refinery at Lokichar,” Business Daily quotes Mr Munyes.
Kenya first announced the discovery of oil in Turkana in Block 10BB and 13T in March 2012. However, up to date, the country is yet to commercialise the crude oil fully.