The confirmation was done by President Mwai Kibaki. The Ministry of Energy will at 4PM give an press briefing on the same.
Even better, this is light crude oil as compared to Uganda's heavy crude that is usually solid at room temperature.
Tullow is the same company that discovered oil in Uganda.
In stunning fashion, the fortunes of once vast and desolate wasteland thas is Turkana seem to be changing by the day.
In the same county, Africa's largest wind farm project is to be built to generate 300MW of power that will be transmitted to the national grid.
Geothermal potential is being explored with indications that we could get substantial energy there.
The massive LAPSSET project is set to pass there with rail, road and pipeline.
Tullow Oil shares were boosted by the announcement in London.
Tullow's exploration director Angus McCoss said:
Personally I only heard about the Kenyan oil discovery today, so for those who still don’t know, here’s a fairly comprehensive article I read (http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=0HON95VE9QQ8&preview=article&linkid=dd797553-40ba-445f-a094-e448ce6622d0&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d) so hopefully it’ll bring everyone up to speed. Cheers!
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