Kenya would be among cheapest world oil producers, Tullow says
Kenya would be among the 10 cheapest countries to produce crude oil, ahead of major exporters like Nigeria and Angola. Tullow Oil, the UK firm prospecting for oil in Turkana among other areas, has reported the break-even point for Kenya crude is Sh2,550 ($25) per barrel – including the pipeline tariff to the sea port. Low production costs translate to higher profits for a producer. Kenya's projected cost is lower than $35.40 (Sh3,600) in Angola and Nigeria's $31.50 (Sh3,204),