CWC

Kenya’s PIB Hands 25% of Revenue to Host Oil Counties, LGs

Kenya has addressed revenue-sharing issues and host community concerns in a new petroleum law signed by President Uhuru Kenyatta,

The Petroleum Exploration Development and Production Bill 2017 grants the NationalGovernment 75% of the revenue accruing to the state from crude oil and gas exploited in the country, while County Government takes 20% and the Local Community takes 5%.

The new law, signed on March 12, 2019, i