Kenya ‘delays energy bill’

Kenya oil find09 January 2014 – 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.
*Eoin O’Cinneide & news reports

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