Turkana oil exploitation is in a dilemma, with Kenya sitting on about 100,000 barrels per day of crude but having no certainty if or when that oil will be commercialized to add economic value to Kenya.
The oil was discovered in 2012. But since 2014 changing global circumstances, mainly supply/demand uncertainties created by the energy transition from fossil fuels to renewables, have reduced investor and financier appetite to fund Turkana oil development.
