South Sudan Says Oil Pipeline Via Kenya To Cost $3 Billion
admin | August 10, 2012, 9:42 | No Comments »
NAIROBI (Reuters) – A pipeline allowing South Sudan to export its oil via the Kenyan port of Lamu, freeing the landlocked country from reliance on a route through Sudan, will cost $3 billion, Finance Minister Kosti Manibe said. Manibe said that although South Sudan did not have the money to pay for the pipeline’s entire cost, the newly independent country would invest in the project and had the necessary reserves of crude to offer guarantee to any financiers. “The 2,000 km pipeline will cost approximately $3 billion dollars,” he told a press conference in Nairobi on Friday. …
Read more
Filed Under: World News
About the Author:
Leave a Reply