Africa Oil Corp (AOIFF)

[douginil]

Construction of Lokichar-Lamu oil pipeline set for 2022

Thanks to EGF30 at stockhouse Tuesday, November 27, 2018

Construction of the Lokichar-Lamu Crude Oil Pipeline will kick off in 2022 just two years after completion of the first three berths at the new Lamu Port South Sudan Ethiopia Transport (Lapsset) Corridor project.

Speaking during an inspection tour at the port site in Kililana, the Kenya Ports Authority (KPA) managing director Daniel Manduku said they were engaging various private sector investors before deciding the appropriate investor to work with in implementing the various Lapsset project components including the oil pipeline as well as the proposed coal-fired power plant.

The construction of the Sh60 billion Lamu-Garissa-Isiolo road which is set to commence in January, 2019, is also expected to help in facilitating the pipeline project implementation since it will provide a critical logistics support.

Read more at:
https://www.businessdailyafrica.com/corporate/shipping/Construction-of--LokicharLamu-oil-pipeline-set-for-2022/4003122-4871470-11t1nms/index.html