Kenya is to delay a much-anticipated energy reform bill until
the summer as the East African country looks to monetise oil
discoveries.
The Petroleum E&P Bill was to be ready for parliamentary debate last November, but has been pushed back.
Energy & Petroleum principal secretary Joseph Njoroge said the
ministry is speaking with oil industry players and that meetings with
regional officials will take place in February, Reuters reported.
“So by the end of this (fiscal) year – that is by June – we expect to
have put everything in place,” the news wire quoted him as saying.
Kenya’s oil industry is slowly taking off as more and more industry
players pile into the East African plays in the country as well as
Tanzania and Mozambique.
In late November, London-listed independent Tullow Oil made a
discovery on Block 13T, its fifth consecutive oil discovery in Kenya.
[ENERGY MIX REPORT]
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