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A Turkana oil refinery is a credible option
The construction works going on at Kipevu Oil Terminus [KOT] within the port of Mombasa in readiness for the first shipping of Kenya’s crude oil from Turkana in this picture taken on 31 July 2019. The first consignment is 200,000 barrels of crude oil and is expected to be shipped out of the country in Mid August. PHOTO | FILE | NMG
Last week a 2022 presidential aspirant, Raila Odinga, while campaigning in Turkana County pledged to deliver a refinery to monetise oil resources that are stranded in the ground after years of delayed investment commitments. I will here analyze why an oil refinery located in Turkana is a credible option to be pursued, should the base case plan of exporting oil by pipeline via Lamu fail to take off within a reasonable time.
Crude oil was discovered in Turkana in 2012 with commerciality ascertained at between 80-100,000 barrels per day over a 20-year project life. Turkana oil assets are owned by a joint venture (JV) comprising of Tullow Oil (50percent), Africa Oil (25percent) and Total Energies (25percent).
