Kenya will launch a licensing round for ten oil blocks in September to enhance foreign investment and local production in the oil sector, as stated by the Minister of Petroleum and Mining.
Kenya is set to initiate a licensing round for ten oil blocks in September, according to statements made by the country’s Minister of Petroleum and Mining. This move aims to attract foreign investment in the oil sector and bolster production efforts. The Minister emphasized that the licensing process will be transparent and beneficial for both the local economy and international stakeholders.
In conclusion, Kenya’s forthcoming licensing round for ten oil blocks represents a significant opportunity for investment and development in the nation’s oil sector. This initiative aims to enhance local production and engage foreign partners, fostering economic growth in the region.
Original Source: www.marketscreener.com
