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In 1983, the name of the company was changed to Kenya Petroleum Refineries Limited. In July 2009, Essar Energy acquired 50 percent stake in KPRL for $7 million from Chevron, BP and Royal Dutch Shell. [4] [5] Crude oil refining operations stopped in September 2013. [6] In 2016, Essar Energy sold its share of KPRL to the government of Kenya. [3] [7]
The first consignment of Kenyan crude oil which left the Port of Mombasa for Britain, makes Kenya the first Eastern Africa country to become an oil exporting nation, said Kenyatta at a ceremony in the coastal city. [4] As of July 2018, there were over 60 registered oil companies in Kenya. [1]
Kenya Pipeline Company operates a pipeline system for transportation of refined petroleum products from Mombasa to Nairobi and western Kenya towns of Nakuru, Kisumu and Eldoret. Working closely with the National Oil Corporation of Kenya , KPC operates 5 storage and distribution depots for conventional petroleum products, located in Eldoret ...
The petroleum industry in Kenya is relatively new in terms of mining and exploration. British firm Tullow Oil began operations in Kenya in 2010 after signing agreements with Africa Oil and Centric Energy, purchasing a 50% interest in five onshore licences. In 2012, the Ngamia-1 exploration well was a success and has since been followed by ...
Kenya is currently the most important source of foreign direct investments in Uganda and Rwanda. Uganda and its neighbouring regions are the main export destinations for Kenyan products. [96] Kenya has had more success in growing its economy and quality of life levels than many of its neighbours in sub-Saharan Africa. [70]
The state's average gas price dropped 4.2% last week. Currently, gas prices are 76 cents away from the annual low of $2.73 in Texas.
KenolKobil, then Kenya Oil Company Limited (abbreviated Kenol), was founded on May 13, 1959, by R S Alexander as a Private limited company. The Company started its operations as a wholesaler of packaged Kerosene under the brand name " SAFI ".
Overall, the African continent is a net energy exporter. In 2009 the net energy export was 40% of the energy production 13,177 TWh. [7] The world share of energy production in Africa was 12% of oil and 7% of gas in 2009. [8] This map shows a snapshot of fossil fuel resources and renewable energy projects across Africa.