DINNER PARTY INTEL: Oil riches for Kenya?
Kenya has joined the ranks of oil-exporting countries
29 August 2019 - 05:00
1. Oil riches for Kenya?
Kenya has joined the ranks of oil-exporting countries. It sent off its first shipment of crude oil from the Mombasa port this week to a Chinese buyer. Commercial production is years away — it must still build the infrastructure needed to unlock its full potential, including a pipeline to get the oil to port. The communities of Turkana — the impoverished region where the deposits were found — expect to benefit. A petroleum bill signed into law in March allocates 20% of revenues to local government, 5% to the communities living where oil was found and 75% to the central government...
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