China-Africa: Chinese cos. win Kenya oil pipeline tender
China Petroleum Pipeline Bureau and Sinopec Shengli Oilfield Co.Ltd. are two of the five companies which have been awarded the Eldoret oil pipeline construction project, Xinhua has reported Kenya Pipeline Co. as saying.
The project involves laying of a new 325 km-long oil pipeline between the Kenyan capital Nairobi and the city of Eldoret. Once complete, the pipeline, which will have 14-inch diameter, is expected to meet the local demand for transport fuels for the next 20 years.
China Petroleum Pipeline Bureau will be responsible for the major construction works worth about $179 million, while Sinopec Shengli Oilfield Co.Ltd. will be responsible for the engineering and consulting projects worth $3.3 million.
Kenyan President Mwai Kibaki said the completion of the project will effectively ease the shortage in local oil products and improve transport efficiency and reduce transportation costs, thus reducing Kenya’s domestic fuel prices.
(ibtimes)
Tags: kenya