Kenya has entered into a long-term ‘Oil for Development’ program agreement with Norway to develop its local oil sector by providing support in the management of Kenya’s natural resources and protection of the environment, The Star reported.
The aim of the program is to build capacity and resource management skills in the Kenya’s public sector. Norway will provide assistance in the areas of resource, environmental, and revenue management, safety and preparedness, and promote transparency and measures to prevent corruption.
According to AfricanBrains.com, the ‘Oil for Development’ program was established in 2005 and is in operation in Tanzania and Uganda. Kenya will be the third partner country in East Africa.
In addition, as the Kenyan government is currently in talks with Uganda to set up a joint crude oil pipeline at a cost of $4b, there are indications that Kenya’s crude deposits are in sufficient quantities for commercial production, Daily Nation reported. To date, more than 600m barrels of crude deposits have been discovered in the northern part of the country.