Gov’t silent on revenue sharing deal with Turkana oil partners

By Kepha Muiruri,

The Ministry of Petroleum has brushed aside questions regarding its revenue sharing agreement with its oil exploration partners among them Tullow. ...

Andrew Kamau , Early Oil Pilot Scheme (EOPS) , Petroleum Ministry , Tullow

Kenya’s crude oil at top-end market valuation

By Kepha Muiruri,

Kenya’s commercial oil prospects have received a boost from the recent pricing of the first batch of crude oil at an optimal Ksh.6,216 ($60) per bar...

Early Oil Pilot Scheme (EOPS) , ministry of petroleum and mining , Tullow , Turkana crude oil

Three bombs kill 15 in Afghan capital as U.S. general visits

By Reuters,

Three bombs rocked the Afghan capital of Kabul on Thursday, killing at least 15 people, officials said, as the chairman of the U.S. Joint Chiefs of St...

Afghan capital , three bombs , U.S

Questions over Uhuru’s next move after Rotich charged

By Rachel Ombaka,

A substantive appointment is in the offing at Treasury with President Uhuru Kenyatta forced to play the hand he is dealt with following the arraignmen...

eCHESA , Rotich , Treasury

Rising food, fuel prices push June inflation rate to 5.7pc

By Kepha Muiruri,

The Kenya National Bureau of Statistics (KNBS) has quoted the end month inflation rate at 5.7 percent to indicate a 0.2 percent upward adjustment to c...

CBK , consumer prices in Kenya , Inflation , kenyan shilling , KNBS

Kiboko oil probe: KPC lost 551,000 litres of fuel

By Chemutai Goin,

The Kenya Pipeline Company (KPC) may be forced to pay oil marketers over Ksh.60 million as compensation for the over 500,000 litres of fuel lost in th...

Kenya Pipeline Company , kiboko , KPC , Makueni , National Environment Authority , Petroleum Cabinet Secretary John Munyes

Budget 2019: Treasury misses the mark, no relief for Kenyans

By Kepha Muiruri,

Treasury CS Henry Rotich's presentation on the financing of the 2019/20 budget estimated at Ksh.3.02 trillion has missed its mark in providing any sub...

2019 budget , capital gains tax , Henry Rotich , National Treasury , sin tax

Rotich to table Ksh.3T budget amidst discontent over Kenya’s growing debt

By Kepha Muiruri,

Treasury CS Henry Rotich is expected to table the State’s Ksh.3.02trillion budget projections on Thursday afternoon. He will be bringing the gove...

budget , Henry Rotich , National Treasury

IFMIS safe and secure, says gov’t after 18 websites reported hacked

By Benjamin Muriuki,

The government's Integrated Financial Management Information System (IFMIS) is safe and secure, Government spokesperson Col. Cyrus Oguna said on Monda...

ifmis

NYS, JSC among 18 Kenyan gov’t websites hacked by Indonesian group

By Benjamin Muriuki,

Several Kenyan government websites including the Integrated Financial Management and Information System (IFMIS) portal were on Monday hacked by a grou...

NYS , Websites hacked

Oil surges amid OPEC caution to offset Iran sanctions

By Reuters,

Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next w...

Iran sanctions , Oil , OPEC

Kenya’s oil exploration skewed solely towards revenues

By Kepha Muiruri,

Stakeholders from Kenya’s oil and gas sector have sounded the alarm on the lopsided focus on proceeds from oil exploration to warn of hidden risks t...

Friends of Turkana , Kenya Land Alliance , Ministry of Petroleum , Tullow Oil

Exclusive: Nigeria hits oil majors with billions in back taxes

By Reuters,

Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources...

Nigeria , Oil , taxes

Kenya says crude oil capacity insufficient for refinery

By Reuters,

Crude oil deposits discovered in Kenya are insufficient to justify construction of a refinery, a senior petroleum ministry official said on Tuesday. ...

Africa Oil Corp , Andrew Kamau , crude oil , kenya , Total , Tullow Oil

Somalia readies for oil exploration, still working on petroleum law

By VOA,

The Somali government says it will award exploration licenses to foreign oil companies later this year, despite calls from the opposition to wait unti...

british , somalia

China just quietly wrote off a chunk of Cameroon’s debt. Why the secrecy?

By CNN,

When top Chinese diplomat Yang Jiechi met Cameroon President Paul Biya in the capital Yaounde last month and wrote off a chunk of the African country'...

Exclusive: PetroChina to drop PDVSA as partner in refinery project – sources

By Reuters,

PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern...

PDVSA , PetroChina

U.S. sanctions on Venezuelan oil reverberate globally

By Reuters,

The Trump administration’s sanctions on Venezuelan oil, aimed at driving President Nicolas Maduro from power, sent shockwaves around the world on Tu...

President Nicolas Maduro , sanctions , U.S , Venezuela , White House

Court orders Chinese company to shutdown mining operations in Migori

By George Juma,

A Chinese-owned company was dealt a blow on Monday after the High Court ordered it to shut down its mining operations in Migori County following a pet...

Environmental and Land court , Illegal mining , Migori

South Sudan resumes oil production in former Unity State

By VOA,

Oil is again being pumped from fields in South Sudan’s former Unity state, five years after production was halted because of fighting between govern...

oil production , south sudan