Kenya Energy

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Chapter | Energy from The Report: Kenya 2016

An anticipated recovery in the upstream segment in 2017 could spur a new round of investment, and downstream demand is expected to continue rising, particularly as vehicle sales accelerate. While the forecast for 2015 is mixed, the industry’s long-term prospects remain bright, and the sector is likely to be a major economic engine over the next five years. The total volume of petroleum...

Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential. 

Efforts to add more than 5000 MW of electricity generation capacity in Kenya – part of a push to improve electrification rates to 70% of households by 2017 – are leading to a jump in renewable projects, as well as cuts in end-user tariffs.

As East Africa’s largest economy, Kenya has seen its economy grow by more than 4% for the last three years, according to data from the World Bank, while an improvement in fiscal indicators and a new constitution encouraging devolution have helped to improve governance and the public balance sheet. 

Chapter | Energy from The Report: Kenya 2014

Along with Tanzania and Uganda, Kenya is emerging as a new destination for oil and gas explorers after several hydrocarbons deposits in commercially viable quantities were found in the East Africa region. The extent of Kenya’s oil and gas reserves is still being determined and estimates vary widely, but some government projections suggest that its reserves could exceed Uganda’s expected...

Kenya has long carried out exploratory drilling – a total of 31 exploration wells were drilled between 1960 and February 2012 – but until recently it did not record any significant finds. This changed in March 2012, when Tullow Oil announced an oil discovery at the Ngamia-1 well in Turkana. As of July 2014, a further 16 wells had been drilled, of which 11 were discovery...

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