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Kenya now lays ground for crude oil pipeline

An oil pipeline. Due to the waxy nature of Kenya’s crude, the pipeline will be much more expensive to build and operate than a normal pipeline because the crude will need to be heated to 85 degrees along the line. Kenyan has commenced surveying the route of the Lokichar-Lamu pipeline …

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Barrick’s offer would alter Tanzania protective mining law

Canadian miner Barrick Gold Corp, the majority owner of London-listed mining firm Acacia Mining Plc, is proposing a plan that could reverse some of the gains Tanzania is seeking in a deal with the embattled company. Barrick’s proposed Framework Agreement with the Government of Tanzania seeks to have mining companies …

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China’s CNOOC says it aims to take a stake in Ugandan oil pipeline.

Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday. Uganda discovered crude oil reserve about 13 years ago but commercial production has been delayed partly because of a lack of …

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