• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 6 hours Satellite Moons to Replace Streetlamps?!
  • 1 day US top CEO's are spending their own money on the midterm elections
  • 4 hours EU to Splash Billions on Battery Factories
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 12 hours The Balkans Are Coming Apart at the Seams Again
  • 1 day OPEC Is Struggling To Deliver On Increased Output Pledge
  • 4 hours Owning stocks long-term low risk?
  • 12 hours The Dirt on Clean Electric Cars
  • 23 hours Uber IPO Proposals Value Company at $120 Billion
  • 13 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day 10 Incredible Facts about U.S. LNG
  • 1 day U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Carbon Pricing Won't Kill Big Oil

Carbon Pricing Won't Kill Big Oil

Big oil has agreed to…

Canadian Oil Patch Grapples With Cannabis Legalization

Canadian Oil Patch Grapples With Cannabis Legalization

Canada has officially legalized recreational…

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


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

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