Kenya Triples Oil Exploration Licensing Fees

From NZ Week

By Jane B. Hatcher

Kenya will more than triple the license fees for some 46 oil blocks to 1 million U.S. dollars due to the high demand as a result of the discovery of crude oil in Turkana, a senior energy ministry official said Thursday.

Patrick Nyoike, the Permanent Secretary of the Energy Ministry, said the government was currently in the process of modernizing the laws governing the oil exploration, the exploration of coal, renewable energy, geothermal and oil.

Nyoike also said the government would reposes all oil blocks that have not been effectively utilized by the licensed oil exploration firms in the East African nation.

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