" AFRICA OIL PIPELINE PREFER M Tullow, PROD TIME GAS 3-5 YEARS (Direct) Print
2012-12-05 17:07
STOCKHOLM (Reuters) Africa Oil prefer to build their own pipeline in the long term along with its partner Tullow.
It says Africa Oil's CEO Keith Hill to Bloomberg News in an interview in the Rwandan capital Kigali on Wednesday afternoon.
A pipeline routing would then lead to Mombasa or Lamu on the Kenyan coast, according to preliminary studies.
"We prefer to do it themselves, to finance a pipeline is not as hard as we should have ownership., It would be probably the most preferred way for us," said Keith Hill.
Africa Oil and Tullows joint investment in Kenya is expected to reach half a billion dollars in 2013, according to CEO: n
Keith Hill also says that it will take at least 3-5 years before any oil could begin from Kenya.
Africa Oil has had discussions, but only in its infancy, with the Nairobi Stock Exchange for the listing of shares there. But the oil company still has no plans to start trading in shares which in the near future, according to Bloomberg News.
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