Petroleum Africa
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Wednesday, September 4, 2013
The government of Kenya is ready to see its draft petroleum laws put into action. It is expected that the first draft of the revised laws on the petroleum sector will be ready for approval by the parliament in November. The revised law comes as oil discoveries made onshore the country have been deemed commercial in quantity.
The last time Kenya updated its petroleum laws was in 1986. The revised law also contains new guidelines on natural gas exploitation.
Energy and Petroleum Principal Secretary Joseph Njoroge told reporters that the draft would take about another three months to be ready for debate in parliament. “We want to ensure that the law is thorough, it is all-encompassing, and there are no areas that would be left out,” he said.
Njoroge also said the government was optimistic it would get financiers to help build a pipeline to transport crude oil from Uganda to Lamu, where the government is planning to build a new port.
“There are very many interested players and firms which are willing to do the work and provide financing,” he said. “What we will be doing is to try and come up with an expression of interest for all the interested players to compete, then we would be able to get the best players.”
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