• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 4 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 9 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 7 hours China still to keep Iran oil flowing amid U.S. sanctions
  • 11 hours Japan carmakers admits using falsified emissions data
  • 2 hours Starvation, horror in Venezuela
  • 20 mins Corporations Are Buying More Renewables Than Ever
  • 24 mins Saudi Fund Wants to Take Tesla Private?
  • 8 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 9 hours Western Canada Select price continues to sink
  • 9 hours China goes against US natural gas
  • 6 hours Are Trump's steel tariffs working? Seems they are!
  • 2 hours The Discount Airline Model Is Coming for Europe’s Railways
Libyan Oil Recovers, Exceeds 1 Million Bpd

Libyan Oil Recovers, Exceeds 1 Million Bpd

Libya’s oil output has once…

All-Time Low Spare Capacity Could Send Oil To $150

All-Time Low Spare Capacity Could Send Oil To $150

Many oil markets watchers have…

Kenya and Saudi Arabia Deepen Energy Ties

Saudi Arabia is one of the leading oil exporters to Kenya and seemingly unconcerned about recent oil finds there.

Regarding the oil discoveries and their potential impact on Kenyan imports of Saudi oil Saudi Arabian ambassador Ghorm Said Malhan remarked, "No, I don't think it will affect (our ties) as such because we don't see our partnership only in the oil business. There are other different ways to co-operate. Saudi Arabia can export industrial chemicals and equipment to Kenya as well. As for Saudi Arabia, we also have a lot of investments in Kenya in tourism, banking, and petroleum projects. Now we are talking about livestock and fisheries. If you go back to history, we have good historic ties with the people of the coast in East Africa in general. There are a lot of people in that part who have originated from the Arabian Peninsula. This is some form of cultural relation with Kenya that has been going on for years."

Saudi Arabia is one of Kenya’s development partners and it has funded several projects through the Saudi Fund for Development at a total cost of about $140 million, Nairobi’s Daily Nation newspaper reported.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News