Kenya will explore more fields for oil and gas after establishing a legal framework on how revenue from such resources will be shared among the national government, county government and the local community, President Uhuru Kenyatta has said.
Uhuru was speaking at State House on Saturday after a deal was struck on the Petroleum (Exploration and Production) Bill on revenue sharing.
“We now have an understanding that can put Kenya on the map of oil exporting countries. We will intensify our exploration efforts not just in Turkana but in the rest of the country now that we have a legal instrument that can help guide how oil and gas will be handled in our republic,” Uhuru said.
The Bill puts revenue sharing at 75% for national government, 5% for local community and the remaining 20% to the county government.
Narok Governor Josphat Nanok said the leadership and the people of Turkana are now fully in support of the exploration and production of oil after the disagreements were resolved.