Glencore Singapore Pte Limited and ChemChina UK Limited bought Turkana oil for $28.34 million (Sh3.65 billion at prevailing rates) under a scheme that was meant to test the appeal of the oil in the global markets.
Disclosures from the Ministry of Energy and Petroleum show that ChemChina bought 240,150 barrels while Glencore took up the remaining 174,627 barrels. Both deals were closed between 2019 and 2022.