KENYA CALLS ON EAST AFRICAN STATES TO ENGAGE WITH INVESTORS AT NAIROBI SUMMIT

Kenya’s Ministry of Energy & Petroleum has urged East African oil ministries and national oil companies to engage with international and local investors to review and examine available opportunities across the region at the East Africa Oil & Gas Summit (EAOGS) to be held hre next month.

More than 3,000 oil and gas executives are expected to attend the EAOGS exhibition and conference — the largest event of its kind in East Africa — when it is held from Nov 15 to 17 the Kenyatta International Conference Centre in Nairobi.

The Ministry’s Principal Secretary (Assistant Minister), Andrew Kamau, Wednesday urged regional stakeholders to play an active role in the discussions. “Considering the huge agenda for East African nations, we would appreciate it if you would be part of the team to develop industry and achieve the oil and gas objectives for the region,” he said in a letter to East African stakeholders.

The letter comes just a few weeks after Kenya’s President Uhuru Kenyatta announced that the government has brought forward the country’s oil production deadline by two years and set a path to enable Kenya to become a major producer and exporter of oil by 2019.

Ireland’s Tullow Oil is now expected to send the country’s first barrels of oil to market in March 2017, with exports expected soon after.

Charles Keter, Kenya’s Cabinet Secretary (Minister) of Energy & Petroleum, is set to present a keynote address at the opening of the Summit, whilst Kamau will be delivering a detailed update on Kenya’s oil and gas sector, including new developments and strategies to meet its ambitious production targets over the next 12 months.

Ministers from Uganda, Ethiopia and Madagascar are also expected to participate as the region works together to become the new frontier in oil and gas production.

Source: NAM NEWS NETWORK.