East African Community Partner States Host High Level Oil & Gas Stakeholder Forum

By Soko Directory Team / April 15, 2019




East African Community partner states have today gathered in Nairobi for a high-level stakeholder Oil and Gas forum ahead of East African Petroleum and Exhibition Conference 2019 that will be held in May 2019.

Leaders from across the region and international sector players held dialogue on oil and gas investment opportunities by demonstrating status on the development of the sector.

Kenya’s State Department for Petroleum, under the Ministry of Petroleum and Mining, exuded confidence on the level and intensity of commercial energy use as a key indicator of economic growth and development in the region.

In Kenya for example, The Petroleum Act 2017 is encouraging investments in oil and gas by complying with local content requirements, which include upstream operations, locally manufactured goods and employment opportunities.

Speaking at the forum, the Principal Secretary, State Department for Petroleum Mr. Andrew Kamau said, “We ought to look at the Oil and Gas sector wholistically. There is a need for upskilling the workforce with the right skillsets as we develop the sector and create job opportunities.

The East African Petroleum Conference 2019 will seek to provide East Africa’s Oil and Gas industry players to explore opportunities and dialogue to attract local and international investors.”

In the next two years over 200 wells will be drilled.

“The government is looking to develop south Lokichar resources in a phased approach towards oil production. We are currently in the first phase where we have done the economic benefit by looking at the recoverable reserves. The next steps would be to build the pipeline and facilities that will take the oil down to Lamu for export,” Andrew Kamau added.

Immense opportunities lie in the Oil and Gas sector. Kenya has only explored about 10,000 square kilometers out of 85,000 square kilometers of Oil and Gas sedimentary basin.

“Oil and Gas and gas exploration is a profitable business. I encourage everyone to get on board on every aspect its supply chain to make East Africa an Oil and Gas investment region of choice,” said Mr. Martin Heya, Chairperson, Steering Organizing Committee – East African Petroleum Conference and Exhibition2019

 “The opportunity is large and many partners need to come on board to make East Africa the destination of Oil and Gas investments as we continually improve an enabling and facilitative environment for the sector,” Concluded Mr. James Ng’ang’a, Chairperson, National Organizing Committee – East African Petroleum Conference and Exhibition2019



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (211)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950