OIL ECONOMICS

OGWANG: Why it is unfeasible to build oil refinery in Turkana

For capital investment in new refineries to be desirable, certain market conditions should prevail.

In Summary

• There's simply no economic justification to support an oil refinery at the moment.

•  From an economic point of view, Kenya simply can't afford it given the level of indebtedness we find ourselves in.

It was recently reported in one of the dailies that a 2022 presidential aspirant has pledged to deliver an oil refinery to monetise the oil resources in the Turkana county.

An opinion article ...

This article is free to read if you register or sign in.

Simply register at no cost and sign in below to proceed.

Opera Mini does not support this functionality with EXTREME Data savings turned ON. Please disable.


Questions or problems? Email [email protected] or call 0711 046 000.