• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 48 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Evergrande is going Belly Up.
  • 2 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 15 hours U.S. Presidential Elections Status - Electoral Votes
  • 6 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 9 hours Poland Expands LNG Powered Trucking and Fueling Stations
  • 1 day And now, hybrid electric locomotives...
  • 15 hours Ozone layer destruction driving global warming
  • 1 day The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 14 hours The coming Cyber Attack
  • 14 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 17 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 2 days The Painful Death of Coal
Editorial Dept

Editorial Dept

More Info

Emerging Oil Giant Kenya Gets Major Infrastructure Boost from China

Bottom Line: Rushing to get some massive infrastructure projects off the ground as oil discoveries move towards commercial production in Kenya, the Chinese launch a landmark multi-country railway project to compliment the port expansion at Mombasa.

Recommendation: This massive rail project—funded by Chinese soft power—will dramatically increase Kenya’s trade prospects and secure its position as a regional hub and economic powerhouse. Investment will respond in kind.

Analysis: The Chinese have officially begun construction on a $13.8-billion railway project that will connect the port of Mombasa, which is being expanded, and the capital city of Nairobi, and eventually possibly even link Kenya’s market with landlocked neighbors Uganda, Rwanda and South Sudan. So far, the Chinese have funded the first 450-kilometr sector of the project that runs from Mombasa to Nairobi for $5.2 billion, which is slated for completion by 2017.  Construction is being done by state-owned China Road and Bridge Corporation (CRBC), which in August completed the first stage of expansion at Mombasa’s port—a massive project in itself which included a new berth with a 50,000-ton container ship capacity. The new rail line will boost transport volumes between the port and the capital significantly by reducing the transit time from 36 hours to eight hours and resulting in a reduction in transport costs by about 60%.

Work has also begun on Kenya’s…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News