H.E. President Uhuru Kenyatta today chaired a Special Cabinet meeting during which Cabinet:
- Approved Ministerial Budget Priorities for the Financial year 2016/2017 and directed ministries to commence implementation immediately.
- Was briefed on the preparations for the forthcoming TICAD 6 Conference scheduled to take place in Nairobi later this month.
- Approved a plan for the development and commercialisation of the crude oil and early oil commercialization.
Following Kenya’s success in exploration for oil in Turkana County where significant deposits were discovered by Tullow Oil in 2012, the Country is now getting ready to full commercial exploitation. In this regard the country is in the process of establishing an enabling commercial and infrastructure arrangement that will facilitate creation of an international market for Kenya’s Crude Oil.
Under this arrangement the country will commence with the production of 2000 – 4000 barrels per day that will be transported to Mombasa for export. For this to happen the Eldoret (Leseru) – Lokichar Road is being upgraded at a cost of KShs.3.2 billion. Also to be replaced under this plan is the Kainuk Bridge to allow for larger and heavier trucks to transport the crude oil.
It is envisaged the Crude Oil will be transported by rail and road from Eldoret to Mombasa from where it will be exported as crude.
Cabinet also approved the development of the Lokichar to Lamu Crude Pipeline which will be the main evacuation/transportation route for the Crude Oil from Kenya in the future.