Wednesday, August 28, 2013

Kenya on track to becoming East Africa's first oil and gas explorer

A worker at the Petroleum Refinery plant in Mombasa, Kenya. PHOTO/Daily Nation

Kenya is headed to become the first oil exporter in East Africa, moving in less than five years from being a have-not nation to the regional leader in cutting reliance on energy suppliers such as Royal Dutch Shell Plc.

After Tullow Oil Plc., discovered oil last year, Kenya is set to start shipments in 2016, overtaking neighboring Uganda, where Tullow found crude more than seven years ago.

The explorer

More details here...

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