By Moses Njagih and Njiraini Muchira - The Standard
Beneath Turkana County, the land of burning sand, blistering heat, so many hungers, and untold human misery, lies oil deposits that could forever change Kenya's economic fortunes.
The question remains how big are the underground oil wells in volume, their commercial value, and years it will take before Kenya can have it flowing across its pipelines.
But as the country toasted to President Kibaki’s surprise announcement that an Anglo-Irish oil exploration firm, Tullow Oil Company, had struck the precious commodity that accounts for 25 per cent of the country’s import bill, another burning question lingered in the shadows... Read more...
By Jaindi Kisero - Daily Nation
A company associated with a Cabinet minister sold the block, where oil was found in Turkana, for a fortune.
In 2010, Turkana Drilling Company, associated with the Cabinet minister who was affected in Monday’s reshuffle, sold Block 10BB for $10 million (Sh840 million) to Africa Oil.
Turkana Drilling’s case is just an example of how small firms might be using influence in government to make hundreds of millions of shillings by trading in oil prospecting licences.
The whole business of acquiring blocks has been invaded by influence peddlers and well-connected middlemen, including Cabinet ministers. Watch the video below and go to Daily Nation website to Read More
Interview by Mark Caldwell - DW
As Kenya hails its first oil discovery, in a DW interview renowned Kenyan paleontologist Richard Leakey urges people to put pressure on the government to avoid the mistakes made in other oil-rich African nations.
Kenyan President Mwai Kibaki has announced the discovery of crude oil in the north of Kenya where British company Tullow Oil has been doing exploratory drilling for the past year. The commercial viability of the desposit is still uncertain.
Richard Leakey, outspoken conservationist, fossil expert and former Kenyan politician about the Deutsche Welle on prospects and concerns surrounding the oil find. Read the entire interview on DW...