Kenya to Launch Licensing Round for Ten Oil Blocks in September

Kenya plans to launch a licensing round for ten oil blocks in September to attract foreign investors and enhance local oil production, as stated by the Minister of Petroleum and Mining.

The Kenyan government is set to initiate a licensing round for ten oil blocks in September. This announcement was made by the Minister of Petroleum and Mining, who emphasized the potential opportunities in the oil sector. The licensing round aims to attract foreign investments and enhance local production capabilities in the energy domain.

In summary, Kenya’s forthcoming licensing round for ten oil blocks represents a strategic move to amplify its oil sector through foreign investment. The initiative seeks not only to boost local production but also to position the country as a competitive player in the energy market.

Original Source: www.marketscreener.com