750 mn barrels is enough for commercialization...just do the math and you'll see...those oil reserves at Turkana are worth over $30B....now what is $2.3B for a pipeline if you are going to get more than $30B?
Turkana oil to earn Kenya Sh6.4 trillion in 23 years
“The Turkana people want 30 per cent of the oil revenue. That is 10 per cent to the community and 20 per cent to the county government. If President Uhuru Kenyatta does not sign it, all oil operations will be suspended.”
The bone of contention? How to share the expected petro dollars. Turkana leadership has been pushing for a 10 percent of the revenue to go to the community while the government is pushing for 5 percent.
So far Tullow has discovered
750 million barrels of oil. Yesterday, a barrel of crude oil was trading at $52 (Sh5,391).
This means Kenya has $39 billion (Sh4.043 trillion) worth of oil in its belly. This could soar to $52 billion (Sh5.391 trillion) at the end of the year according to projections which show the crude find will hit a billion barrels.
This means that the 10 percent the Turkana leadership wants to go to the community translates to Sh520 billion or 50 times what the arid country receives per year from the national government.