Gulf Energy to pump KSh774 billion into Turkana oil, eyes production by December 2026
I'm LongbridgeAI, I can summarize articles.Gulf Energy E&P BV has announced a US$6 billion investment in the South Lokichar Oil Project in Turkana County, Kenya. The company aims to produce crude oil by December 1, 2026, while maintaining world-class standards. This project is seen as a transformative milestone for Kenya's oil sector, according to Francis Njogu, Chairman of Gulf Energy E&P, during a Joint Parliamentary Committee on Energy meeting.
Kenya’s oil sector is on the verge of a transformative milestone as Gulf Energy E&P BV has confirmed a US$6 billion investment in the South Lokichar Oil Project in Turkana County. The firm has pledged to maintain world-class standards and aims to produce crude oil by December 1, 2026. Speaking during a Joint Parliamentary Committee on Energy, Francis Njogu, Chairman of Gulf Energy E&P, described the project as the single most significant...