The big winners in Kenya’s oil debut

Tuesday, October 22nd 2013 - 15:11 UTC

Full article 4 comments

Kenya will start pumping its first commercial oil next year and begin exporting in 2016, but this is just the opening salvo: new discoveries in recent months and fast-track new well development make Kenya the darling of East Africa from an investor’s perspective. Read full article

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Brasileiro
Why they do not irrigate, correct the soil and plant some crops in these lands?

https://www.youtube.com/watch?v=Cgovv8jWETM&list=FLmXPTu1f8AdGlizWNiASx2A&feature=mh_lolz
Oct 22nd, 2013 - 08:46 pm - Link - Report abuse 0
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Gonzo22
...and here are the big losers, and as usual, the UK is there...
www.pambazuka.org/en/category/features/89010
Oct 22nd, 2013 - 11:29 pm - Link - Report abuse 0
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Anglotino
Wo!w! 4 years between discovery and export. That's pretty efficient. Not to mention amazing.
Oct 22nd, 2013 - 11:56 pm - Link - Report abuse 0
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A_Voice
Speaking of efficient and amazing.....
CHEMICALS giant Ineos wants £150 million worth of public money to keep Scotland's only oil refinery open.
The firm claims its giant petrochemical site at Grangemouth, Stirlingshire, is “unsustainable” and will close by 2017 without new investment.
Ineos said it had invested £1 billion in Grangemouth which, it added, is losing £10 million a month.

What is amazing is I thought the Independence vote was largely based on a Scottish oil industry...
Why do they want the investment....
It has put forward a “survival plan”, saying it was willing to invest £300 million building a new gas terminal to bring ethane from the United States.

...and the cheek of it is.....
The company is looking for £9m in grants from the Scottish government, and more than £125m in loan guarantees from the UK government.

.....Mmm...UK govt..”let think about this....9m from the Scots and 125m from the UK....and next year they want to be independent....How about a big fat No...

Ineos say there is no plan B...I bet I know a SNP plan B...Scottish Government knowing it's unsustainable purchase it....like they did with unsustainable Prestwick Airport...
Isn't that better known as nationalising industry....one step forward two steps back..
Oct 23rd, 2013 - 02:23 pm - Link - Report abuse 0
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