Kenya in Talks on Oil Pipeline as Output Set to Start in 2021
- Government reduces estimated cost of pipeline by almost half
- Early-oil project scheduled to start this weekend: Ministry
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Kenya’s government is negotiating with potential investors in a pipeline that will link oil fields in the north of the country to a port at Lamu, Petroleum Principal Secretary Andrew Kamau said.
The project is expected to cost $1.1 billion, after initial studies showed it would be less expensive than the $2 billion previously envisaged, Kamau told reporters Wednesday in the capital, Nairobi. The conduit will be built to ship crude finds estimated at 1 billion barrels that the East African nation plans to start producing commercially in 2021.