Kenya continues its pipeline plan as oil prices drop

A truck on Kainuk-Kapenguria Road transports crude oil to Mombasa under the Early Oil Pilot Scheme in 2018. FILE PHOTO | NMG

Kenya is forging ahead with its plan to build a Sh121.45 billion pipeline from Lokichar to Lamu to boost its crude oil exports despite the concern over falling prices of the commodity in the global market.

Budget estimates show that the State Department for Petroleum plans to spend Sh648.5 million in the financial year starting July 1 on the oil pipeline, commonly known as Project S.

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