Kenya to Export Second Batch of 500,000 Barrels of Crude oil in Feb. 2020

Kenya to Export Second Batch of 500,000 Barrels of Crude oil in Feb. 2020

Antony Mwangi Tullow Oil GPA & Communications Director (far right) Donald Mahaga General Manager Africa oil, Andrew Kamau Principal Secretary in the State Department of Petroleum, Ministry Of Energy and Petroleum, Purity Karau Total E&P International K2 limited In-Country Manager

Kenya will export its second batch of 500,000 barrels of crude oil at the end of February 2020.

The second export consignment under the Early Oil Pilot Scheme (EOPS) initiative by the government.

In August, Kenya’s first oil purchased by China National Chemical Corporation (ChemChina) was valued at Ksh.1.2 billion ($12 million) from the offsetting of 240,000 barrels of crude.

“We want to sell crude oil in bigger consignments in the future to achieve better prices at the international oil markets,” said Brian Muriuki, an advisor to the State Department of Petroleum. “We would anticipate better pricing from a larger load. With a larger vessel, we expect to get closer to Brent parity in terms of pricing.”