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douginil

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douginil

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Tuesday, 03/12/2019 10:46:50 AM

Tuesday, March 12, 2019 10:46:50 AM

Post# of 7263
Kenya's president signs petroleum law outlining revenue sharing

March 12, 2019, 09:21:00 AM EDT By Reuters

NAIROBI, March 12 (Reuters) - Kenya's president signed on Tuesday a long-awaited petroleum bill into law to regulate oil exploration and production and outlining how revenues will be shared between the government, local communities and companies.

Tullow Oil and its partner Africa Oil discovered commercial reserves in the Lokichar basin in 2012. The companies are working towards a final investment decision (FID) by the end of this year.

Read more at:
https://www.nasdaq.com/article/kenyas-president-signs-petroleum-law-outlining-revenue-sharing-20190312-00648
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