Will rising oil prices help revive Turkana oil project?

Tullow Oil tanks at its Turkana field.  

Photo credit: File | Nation Media Group

Kenya discovered oil in 2012 when global oil prices were above $100. By the time the prices crashed to below $25 in 2014/15, confirmed oil discoveries in Turkana were about 80-100 barrels per day of light, low sulfur, waxy oil.

The oil was planned to be exported by pipeline via a new port at Lamu.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.