Kenya has spend $ 1.69 mm in exploitation since 1984

May 05, 1999 02:00 AM

The Kenyan government has so far spent 10 bn shillings (about $ 169 mm) in the exploitation of oil and gas since 1984.
Kenya Assistant Minister of Energy Shadrack Manga told the on-going parliament session in capital Nairobi that the government does not possess record of money spent since the work began in 1984 when the country signed an agreement with Shell Company.
Referring to the progress made in oil exploitation in the east African country, Manga noted that his ministry lacked the capacity and equipment to carry out oil exploitation.
Although oil had been struck in northern Kenya, it was not commercially viable, said the official.
Some members of parliament urged the ministry to give chances to other oil companies in the country's oil and gas exploitation besides Shell.
An area of 300,000 sq. km in the country is considered suitable for exploitation, he added.

Source: Xinhua via Newspage
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