Kenya makes 12m from first batch of crude oil export
That's exciting news!
According to reports, Kenya has made a significant milestone in its oil and gas sector, with the country earning $12 million (approximately KES 1.2 billion) from the export of its first batch of crude oil.
This achievement marks a major step forward for Kenya's oil and gas industry, which has been in development for several years. The country's first oil export was shipped from the Lokichar oil field in Turkana County to the port of Mombasa, where it was then transported to international markets.
The revenue generated from this first batch of crude oil exports is expected to have a positive impact on Kenya's economy, particularly in terms of job creation, infrastructure development, and revenue generation for the government.
Here are some key highlights from this development:
- First batch of crude oil exports: Kenya has exported its first batch of crude oil, marking a significant milestone in the country's oil and gas sector.
- Revenue generated: The country has earned $12 million (approximately KES 1.2 billion) from the export of its first batch of crude oil.
- Lokichar oil field: The crude oil was extracted from the Lokichar oil field in Turkana County, which is one of the largest oil fields in East Africa.
- Economic benefits: The revenue generated from this first batch of crude oil exports is expected to have a positive impact on Kenya's economy, particularly in terms of job creation, infrastructure development, and revenue generation for the government.
- Future prospects: The success of this first batch of crude oil exports is expected to pave the way for further oil and gas discoveries and development in Kenya, potentially leading to increased revenue and economic growth for the country.
Overall, this development is a significant step forward for Kenya's oil and gas sector, and it's exciting to see the country making progress in this area.