Home Business Kenya seeks Sh500bn to build pipeline, oil storage facilities

Kenya seeks Sh500bn to build pipeline, oil storage facilities

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Business Daily | by Stanley Kimuge


Inadequate infrastructure has been blamed for slow pace in commercialisation of crude oil as the country seeks $5 billion (Sh500billion) to develop and expand fuel facilities.

Mining and Petroleum Cabinet Secretary John Munyes revealed that the country is seeking funds to finance its infrastructural development from Lokichar to coastal region through public-private partnership.

“We tested market for our oil, and the oil is good. But Kenya suffers from one problem; our up-stream and mid-stream is weak in such a way that…

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