The US ready to invest Sh1.4 trillion in Kenyan oil industry

United States Ambassador to Kenya Robert Godec (left) when he paid a courtesy call to Cabinet Secretary for Energy & Petroleum Charles Keter (right) at his Nyayo House office on January 5, 2015. The US Government on Tuesday expressed interest in funding construction of an oil pipeline linking northern Kenya oil fields to Lamu upping its stake in the Lappset project. PHOTO | DIANA NGILA | NATION MEDIA GROUP

What you need to know:

  • The US has expressed interest in funding construction of an oil pipeline linking northern Kenya oil fields to Lamu.
  • US Ambassador to Kenya, Mr Robert Godec, said his government would help secure funding to a tune of Sh1.4 trillion towards the oil pipeline and power generation projects.
  • US is also interested in funding expansion of electricity generation capacity and distribution which will help fast-track realisation of ongoing power projects to meet growing demand.

The American Government Tuesday expressed interest in funding construction of an oil pipeline linking northern Kenya oil fields to Lamu, upping its stake in the Lappset project.

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