Chinese-Built Oil Terminal at Kenyan Mombasa Port to Be Complete in July

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by George Mewangik

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Exclusive to Dow Jones Newswire

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NAIROBI – The Chinese-built oil terminal at Kenya’s Mombasa port is expected to become operational in July, Kenyan President Uhuru Kenyatta said late Thursday.

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The construction of the 770-metre-long offshore jetty, currently at 96% complete, was fully funded by the Kenya Ports Authority and implemented by the China Communications Construction Company, the President’s Office said in a statement.

The new jetty, the largest of its kind in Africa, was built at a cost of 40 billion Kenyan shillings ($350.5 million), the statement said.

The jetty will be able to load and off-load very large marine tankers of up to 200,000 deadweight metric tons carrying all categories of petroleum products including crude oil, white oil and liquefied petroleum gas.

President Kenyatta and Chinese Foreign Minister Wang Yi inspected the construction of the jetty on Thursday.

President Kenyatta said that the jetty will enhance energy supply and ensure stability in the prices of petroleum products in Kenya and the region.

Kenya and its neighboring countries are heavily dependent on imports of petroleum products to meet their energy demand.

However, the East African economy hopes to reduce its reliance on energy imports and even export oil with the Turkana project in the north-west of the country, where it was first commissioned by Tullow Oil plc in 2012. Oil was discovered.

UK-based oil and gas company Tullow estimates Kenya’s onshore fields in the Turkana project – a joint venture between Tullow and other partners – hold about 585 million barrels of oil and expects to produce up to 100,000 barrels. day from this year.

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