President Kenyatta to flag off trucking of Kenya’s oil in early June

david nganga

May 23, 2018 5:49 PM

This comes days after he struck a deal with Turkana leaders on the sharing of oil revenue

President Uhuru Kenyatta will flag off trucking of Kenya’s early oil from Lokichar in Turkana County on June 3, in what will inject oil as a critical factor in the economy.

This follows a meeting at State House, Nairobi, chaired by President Kenyatta and attended by the Kenya Joint Venture Partners comprising Tullow Oil, Africa Oil Corporation and Total, Turkana County leaders including Governor Josphat Nanok and Petroleum and Mining Cabinet Secretary John Munyes and his team.

“We are ready to get started. This is important for our country as a whole, and for the community in the producing area,” President Kenyatta said.

The Early Oil Pilot Scheme is a project that will utilize existing wells in Turkana County to produce 2,000 barrels of oil per day which will be transported to Mombasa by road.

Oil revenue

Speaking at the meeting, Governor Nanok said the Turkana community has been informed of the agreement on the sharing of revenue from the oil proceeds.

Last week, President Kenyatta struck a deal with leaders from Turkana County where it was agreed that revenue from oil will be shared on the basis of 75 per cent for all Kenyans through the National Government, 20 per cent to the county government and five per cent will go to the local community.

“We now have an understanding that can put Kenya on the map of oil exporting countries. We will intensify our exploration efforts not just in Turkana but in the rest of the country now that we have a legal instrument that can help guide how oil and gas will be handled in our republic,” said the President.

david nganga