Kenya Could Earn Up to Sh371bn From Proposed Oil Development in Blocks T6 and T7, Treasury

Appearing before the joint committees of the National Assembly Committee on Energy and the Senate Committee on Energy, Cabinet Secretary for the National Treasury, John Mbadi, assured lawmakers that the proposed development will not saddle the country with public debt.

“The FDP does not create any explicit or implicit public debt obligation for the Government. Financing of exploration, development, and production remains solely the responsibility of the contractor under the Production Sharing…