Africa BriefingAfrica Briefing

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Chinese doctors restore sight with free cataract surgeries in Ghana

    September 24, 2023

    Sudan’s army chief agrees to conditional negotiations with rival RSF leader amid ongoing conflict

    September 24, 2023

    Mali warns against foreign intervention in Niger

    September 24, 2023
    Facebook Twitter Instagram
    • Home
    • About Us
      • Profile
      • The Team
      • Advertise
      • Media Kit
    • Contact Us
    • Regions
      • Ghana
      • Nigeria
      • Kenya
      • South Africa
      • Europe
      • United Kingdom
      • USA (North America)
    Trending
    • Chinese doctors restore sight with free cataract surgeries in Ghana
    • Sudan’s army chief agrees to conditional negotiations with rival RSF leader amid ongoing conflict
    • Mali warns against foreign intervention in Niger
    • African leaders at the UN declare: it’s time for partnerships, not exclusion
    • Tragic fire at smuggled fuel warehouse claims 35 lives in Benin
    • Multi-day demonstrations over economic woes hold Accra, Ghana’s capital in a grip
    • Niger’s junta alleges United Nations chief hindered their participation at General Assembly
    • Former Rwandan regional official arrested in France over 1994 genocide
    0 Shopping Cart
    Facebook Twitter YouTube LinkedIn
    Africa BriefingAfrica Briefing
    Resources
    Support Us
    • News
    • Politics
    • Business
    • Energy
    • Technology
    • CryptoTech
      • Crypto News
      • Startups & Companies
      • Crypto Currencies
      • DeFi
      • Metaverse
      • NFTs
    • More
      • Videos
      • Opinion
    • Magazine
    Africa BriefingAfrica Briefing
    Home»Energy»The largest oil terminal in Africa is almost complete
    Energy

    The largest oil terminal in Africa is almost complete

    Editorial StaffBy Editorial StaffJanuary 8, 2022No Comments1 Views
    Facebook Twitter WhatsApp Telegram
    Share
    Facebook Twitter Telegram WhatsApp

    KENYAN President Uhuru Kenyatta inspected the ongoing construction of the KSh40bn (about $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa.

    The construction of the 770-metre-long jetty, currently at 96 percent complete, is wholly funded by the Kenya Ports Authority (KPA) and implemented by China Communications Construction Company. When complete in April this year, the offshore facility will be able to load and offload very large sea tankers of up to 200,000 DWT carrying all categories of petroleum products including crude oil, white oils and LPG.

    Speaking during the inspection, President Kenyatta, accompanied by visiting Chinese Foreign Affairs Minister Wang Yi, said the new jetty will enhance supply and ensure price stability of petroleum products in Kenya and the region by replacing the 50-year-old onshore Kipevu Oil Terminal (KOT).

    When operational, President Kenyatta noted that the new offshore jetty will save the country more than KSh23bn ($18 million) annually in demurrage costs incurred by oil shippers, thereby contributing to a significant reduction in fuel pump prices.

    The President hailed Kenya’s development partnership with China saying the arrangement had helped deliver key infrastructure projects, adding that the populous Asian nation was progressively opening up its expansive domestic market to Kenyan exports.

    ‘The old Kipevu Oil Terminal which for many years we have struggled with, was not able to meet the demands of increasing population, to meet the demands of the growing economy. We needed this facility to be able to cater for those demands and China was there when we asked for partnership in developing it,’ Kenyatta said.

    ‘Let me say as a country we strongly value the partnership between our two countries. Our political cooperation, our economic cooperation, our cultural engagement is something that we value and something that we look forward to deepening as we move forward.

    ‘Kenya I can clearly say would not have been able to achieve many of our social economic development agendas without the support of China. And this is something that not only we as a government appreciate but also the people of Kenya appreciate,’ the President said.

    Kenyatta expressed optimism that the continued opening up of the Chinese domestic market to Kenyan exports will help bridge the huge balance of trade gap that exists between the two economies.

     

    Share. Facebook Twitter Telegram WhatsApp

    Related Posts

    Kenya partners with Britain’s GBM Ltd for 1,000MW mega dam feasibility study

    September 22, 2023

    Former Nigerian civil servant may share damages in landmark gas deal case

    September 22, 2023

    Julius Nyerere hydropower project in Tanzania nears completion at 91.7 percent, promising energy boost

    September 20, 2023
    Add A Comment

    Comments are closed.

    Top Posts

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20225,053

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,508

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,958

    Turkey seizes $1 billion of counterfeit money bound for Africa

    June 10, 20231,818
    Don't Miss
    News

    Chinese doctors restore sight with free cataract surgeries in Ghana

    By Editorial StaffSeptember 24, 2023160

    IN Accra, the capital of Ghana, an early September morning witnesses the dedicated efforts of…

    Sudan’s army chief agrees to conditional negotiations with rival RSF leader amid ongoing conflict

    September 24, 2023

    Mali warns against foreign intervention in Niger

    September 24, 2023

    African leaders at the UN declare: it’s time for partnerships, not exclusion

    September 24, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • YouTube
    • LinkedIn
    About Us
    About Us

    AfricaBriefing is a monthly magazine designed to provide news and information on Africa to Africans at home and abroad, and the wider global audience that has a committed interest in the continent’s political, economic and social developments.

    Facebook Twitter YouTube LinkedIn
    Our Picks

    Chinese doctors restore sight with free cataract surgeries in Ghana

    September 24, 2023

    Sudan’s army chief agrees to conditional negotiations with rival RSF leader amid ongoing conflict

    September 24, 2023

    Mali warns against foreign intervention in Niger

    September 24, 2023
    Most Popular

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20225,053

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,508

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,958
    © 2023 AfricaBriefing.

    Type above and press Enter to search. Press Esc to cancel.

    Privacy Policy & Cookie Management
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. Read more: Read More
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT