Kenya has exported its first batch of oil as President Uhuru Kenyatta flagged off the crude shipment from the port of Mombasa on Monday morning.<\/p>\n\n\n\n
It is being described as a historic day and an important step on the way to the full exploration and development of oil in the East African nation.<\/p>\n\n\n\n
This is an experimental phase to test the country\u2019s crude oil before full production and exportation beings in around 2024.<\/p>\n\n\n\n
The country is expected to earn $84m (\u00a369m) over the next two years.<\/p>\n\n\n\n
UK-based Chinese company ChemChina UK Ltd won the bid to buy the first batch of 240,000 barrels under the Early Oil Pilot Scheme (EOPS).<\/p>\n\n\n\n
Oil bids were received from firms in Asia and Europe, but the joint oil production consortium, led by explorer Tullow Oil, awarded the contract to ChemChina.<\/p>\n\n\n\n
The crude was transported 850km (528 miles) by road from the country\u2019s northern-western oil fields in Turkana to Mombasa.<\/p>\n\n\n\n
Kenya currently does not have an oil pipeline in place.<\/p>\n\n\n\n
A plan to build a joint pipeline with Uganda failed after Kampala opted to partner with Tanzania.<\/p>\n\n\n\n
Tullow estimates that Kenya\u2019s fields in Turkana hold up to 560 million barrels of oil and expects to produce up to 100,000 barrels per day from 2022.<\/p>\n\n\n\n
BBC<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Kenya has exported its first batch of oil as President Uhuru Kenyatta flagged off the crude shipment from the port of Mombasa on Monday morning. It is being described as a historic day and an important step on the way to the full exploration and development of oil in the East African nation. This is […]<\/p>\n","protected":false},"author":27983,"featured_media":10970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[161],"tags":[],"class_list":["post-10969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/10969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/users\/27983"}],"replies":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=10969"}],"version-history":[{"count":1,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/10969\/revisions"}],"predecessor-version":[{"id":10971,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/10969\/revisions\/10971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/media\/10970"}],"wp:attachment":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=10969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=10969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=10969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}