Kenya gives Tullow ultimatum over Turkana oil fields
Summary
Kenya has set a December deadline for British firm Tullow Oil to present a comprehensive investment plan for oil production in Turkana County.
Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya.
Thursday April 01 2021
By BRIAN NGUGI
Summary
Kenya has set a December deadline for British firm Tullow Oil to present a comprehensive investment plan for oil production in Turkana County.
Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya.
Why motorists failed to access diesel subsidy
Tuesday February 16 2021
By JOHN MUTUA
Summary
The Energy and Petroleum Regulatory Authority (Epra) said that the regulations to manage the subsidy were not yet ready despite the State having collected at least Sh10 billion from motorists since July.
During the Sunday review, diesel prices in Nairobi rose by Sh5.51 a litre to Sh101.91 the highest since February last year.
Petrol rose Sh8.09 to Sh115.18 per litre, the highest mark since July 2019, putting pressure on transport costs and inflation.
A legal hitch has denied motorists a fuel subsidy following the sharp rise in petrol and diesel costs despite the State collecting more than Sh10 billion from homes and business to stabilise prices.