KenolKobil wins tender to import Murban crude oil

19/08/2011 - Kenya property & investment news Posted by Bob Brunskill
KenolKobil wins tender to import Murban crude oil

KenolKobil, the Kenyan oil marketer, has won a tender to import and deliver 160,000 tonnes of Murban crude oil to Kenya in October, it has been confirmed.According to KenolKobil, it had also won a tender for 40,000 tonnes of Jet-A1 jet fuel, which is due to be delivered next month.In a statement, the firm said: "The three cargoes, totalling 200,000 MT, will contribute significantly in meeting both the country's and regional petroleum product requirements."Pump prices for petrol, diesel and kerosene in Kenya increased for mid-August to mid-September due to a weaker local currency and slightly higher international fuel costs.Last week, Martin Heya, the country's petroleum commissioner, explained that Kenya's planned investment in oil and gas exploration may rise to an unprecedented level.He said that the discovery of crude oil in neighboring Uganda has sparked interest in the largely untapped territory.Tullow Oil plc, the London-based explorer, intends to sink two test wells in north-western Kenya this year and early 2012, according to Mr Haya.