The first 200,000 barrels of crude oil exported from Kenya were shipped from Mombasa on the same day, marking Kenya becoming the first oil exporter in East Africa, according to President Uhuru Kenyatta of Kenya in the port city of Mombasa, Xinhua News Agency reported.
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Kenyatta said the first 200,000 barrels of low-sulfur crude oil exported were worth 1.2 billion shillings ($12 million) and were priced higher than market expectations.
Kenya’s Deputy Minister of oil and minerals, Andrew Kamau, had previously said that Kenya planned to export 400,000 barrels of crude oil this year. The first batch of 200,000 barrels of crude oil was exported in the third quarter of this year, and the second batch was carried out at the end of the year.
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Kenya is currently implementing an Early Oil Exploitation Plan. Kamau said Kenya is scheduled to produce 2,000 barrels of crude oil a day. Kenya will transport crude oil through other transportation facilities before the completion of the oil pipeline from Rockichar to Lamu Harbour in Kenya.
Kenya’s oil exploration began in 2012. According to data disclosed by exploration companies, Kenya’s proven oil reserves are currently estimated at about 750 million barrels.
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