Learn why the next 18 months could determine country's ambition of being a major oil exporter.
East Africa is poised to become the world’s next oil and gas export hub, with three countries – Kenya, Mozambique and Tanzania – harbouring big ambitions to make this a reality.
In Kenya, further exploration is underway, and so is a US$25.5-billion infrastructure project focused on exporting oil and gas. The country hopes to be the first oil exporter in the region by 2017, going by the efforts of Tullow Oil and Africa Oil Corporation to submit a field development plan for their blocs in Turkana County by next year.
As investors rush in to claim stakes in the fast-emerging oil and gas frontier, a new report by Ecobank Research titled 'Key dynamics in Kenya's upstream sector' says the next 18 months are going to be important and could impact how Kenya’s upstream sector develops.
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