Oil Slump Bypasses Kenya As It Waits To Turn On The Taps

Emerging East African oil giant Kenya is sitting on about one billion barrels of reserves that its discoverers say is commercially viable even with oil at a dismal $30 per barrel, though it will be years until they can get it out of the ground. Irish explorer Tullow Oil–the company credited with putting Kenya on the world’s oil map with a game-changing discovery of 600 million barrels in the South Lokichar basin in 2012–says oil can be produced in Kenya for around $25 per barrel, which would make it one of the cheapest places…

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Oil Slump Bypasses Kenya As It Waits To Turn On The Taps

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