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Real Economy News in Real Time
R/€ = 15.54 Change: 0.00
R/$ = 13.87 Change: 0.00
Au 1423.80 $/oz Change: -3.90
Pt 847.46 $/oz Change: -3.02
 
 
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Kenya government, Tullow Oil, Africa Oil and Total sign deal to develop crude oil facility

25th June 2019 BY: Reuters

Kenya's government, and oil firms Tullow Oil, Total and Africa Oil Corp have signed agreements for the development of a 60 000 bbl/d to 80 000 bbl/d crude oil processing facility for oil discovered in the country's north west, the Petroleum and Mining Ministry said on Tuesday.

The ministry said on Twitter the heads of term agreements were for discoveries in Blocks 10 BB and 13T in South Lokichar Basin. 

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