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Why Kenya is running out of options on Turkana oil


Why Kenya is running out of options on Turkana oil
Wednesday April 28 2021
Construction works at Kipevu Oil Terminus at the Mombasa port in readiness for shipping of Kenya’s crude oil from Turkana from July 31, 2019. PHOTO | NMG
By GEORGE WACHIRA
Summary
Can the government of Kenya afford to develop crude oil production and Lamu pipeline infrastructure as a major shareholder?  If it will involve borrowed capital, I doubt this can happen due to avoidance of new oil projects by global financiers, and national indebtedness.
Turkana oil development may be fast running out of options and time. An eventuality Kenya needs to avoid lest the oil deposits become stranded assets condemned to remain eternally buried underground. ....

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