Oil

23 Articles
Price of bread in Kenya
ECONOMY

Kenyan Bread and Cooking Oil Prices Are Set Abroad

Rain can end the milk shortage because the dry season cut pasture, but wheat and cooking oil prices are determined by external markets

Oryx Energies Tanzania
BUSINESS

Amsons Group Acquires Oryx Energies Tanzania Downstream Business

Pan-African Energy and Manufacturing conglomerate Amsons Group has acquired Geneva-based Oryx Energies Tanzania downstream business in a transaction worth more than US$ 230 million....

Outside Central Bank of Kenya (CBK) headquarters in Nairobi.
BUSINESS

CBK Reports Drop in Kenya’s Forex Reserves Amid Rising oil prices

A fresh strain is emerging on Kenya’s external finances, with new data showing a drop in the country’s foreign exchange reserves as global...

Drilling RIg oil rig in kenya
BUSINESS

Gulf Energy Secures $ 15 Million Onshore Oil Rig

Officials from the State Department for Petroleum, EPRA, and the Turkana County Government in Abu Dhabi for rig inspection

Oil rig at the Ngamia-1 well in the Lokichar basin.
BUSINESS

Govt: Decade-Long Stalled Turkana Oil Project Set to Begin Next Year

Kenya is on the verge of finally unlocking commercial oil production in Turkana, with the Energy Ministry urging Parliament to quickly approve the...

Tullow Kenya BV Managing Director Madhan Srinivasan
BUSINESS

Kenya Inches Closer to First Oil as Gulf Energy Takes the Helm

Kenya’s long journey to becoming an oil-producing nation has entered a new chapter after British oil explorer Tullow Oil officially handed over its...

Tullow sells assets to Gulf Energy
BUSINESS

Tullow Sells Kenyan Assets Including Oil Resources to Gulf Energy

Signing of sale agreement between the two firms brings the sale closer to completion

Rahul Dhir Tullow CEO
BUSINESSLEADERSHIP

Tullow CEO Rahul Dhir to Resign Next Year 

Project Oil Kenya's development plans remain on course as strategic partner engagements progress

Kenya Pipeline - Line IV Upgrade Project Team
ECONOMY

Kenya Pipeline Upgrades Western Region Oil Flow Rate

The project, which begun in 2022, comprises a fully-fledged Pump Station at Ngema