Petroleum Africa
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Wednesday, August 26, 2015
Kenya is mulling over whether to establish a mineral and oil analysis laboratory. The laboratory, estimated to cost between $40-$50 million, would be aimed at giving the country better access to its resources information. They are also deciding, if the laboratory moves forward, whether it should be privately run or government-operated.
“This will service the whole of East Africa, it’s in demand by industry as it reduces their costs and the time to process the data,” Mining Secretary Najib Balala said in an interview with Bloomberg.
Kenya, besides becoming one of the hottest spots on the continent for oil exploration following the discoveries by Africa Oil Corp. and Tullow Oil, has a host of mineral deposits such as coal, gold, rubies and sapphires.
Balala said it was too early to say when the service would start as he had only just received the report. He did say however that “small issues” were preventing lawmakers from passing a Mining Bill that would provide policy stability.
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