Kenyans to Wait Longer for Oil Money as Sh1.2 Billion From Sale Covers Expenses

18 August 2019

Kenyans should expect no revenues yet following Thursday's announcement that the country was selling its first crude oil to China.

Petroleum principal secretary Andrew Kamau said the $12 million to be received from the sale will largely be used to cover for the expenses that the explorer and the government incurred in market testing for the crude, which is set to be exported later this month.

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