See how much Kenya will earn from the oil discovered in Turkana - This is crazy money! It may find another ANN NGIRITA

...will probably be earning something like a billion US dollars (Est. Sh 100 billion) per year," said Kamau.

According to Tullow Oil Company, Kenya has about 750,000, 000 barrels of recoverable reserves.

It is estimated that the country will export 2,000 barrels of crude oil per day under the Early Oil Pilot Scheme (EOPS), an experimental programme that is expected to last for two years.

President Uhuru Kenyatta promised that the country will effectively manage oil and other natural resources to avoid the negative results that have confronted many other nations following new discoveries.

He said there was a danger of losing all the benefits that can come from Kenya’s new oil wealth in the absence of effective resource management.

“The negative competition for oil and other natural resources has seen peaceful countries go to war. It has seen brothers take up arms against each other as mothers bury their children with no hope for the future,” said the President.

He spoke this when he addressed dignitaries, leaders and residents of Turkana County who gathered to witness him flagging off Kenya’s first petroleum exports.


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