@BdAfrica

Cost of Turkana oil impasse now rises to Sh200m - 8 months ago, 18 July 09:07

Neville Otuki

Kenyan authorities have yet to sign a memorandum of understanding (MoU) with the Turkana community and investors to unlock the transport stalemate that has blocked movement of the oil to Mombasa for storage in the wake of last month’s disruptions, the company at the centre of the petroleum exploration said yesterday.

Tullow Oil, the British firm that is at the centre of Kenya’s budding petroleum business, said resumption of the job is now dependent on the MoU that the Petroleum ministry is yet to sign with Turkana leaders, and the oil companies on the ground.

British firm Tullow, Africa Oil of Canada and French firm Total make the list of three companies that have invested in Kenya’s budding oil industry.

The announcement came one week after Turkana leaders hammered a deal with Petroleum secretary John Munyes to end the road blockade, raising hope for revival of oil movement. It has now emerged that ...
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