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Forum => Kenya Discussion => Topic started by: RV Pundit on March 16, 2016, 03:40:48 PM

Title: Oil found in Kerio valley
Post by: RV Pundit on March 16, 2016, 03:40:48 PM

http://www.businessdailyafrica.com/Corporate-News/Tullow-says-makes-new-oil-find-in-Kerio-Valley-Basin/-/539550/3119538/-/mbv7tkz/-/index.html

Title: Re: Oil found in Kerio valley
Post by: Kadudu on March 16, 2016, 04:01:04 PM

We will wait and see if Kenya can make history in Africa and use this black gold for it's masses.
If we cannot even run an outfit like NYS with an annual budget of 45B ksh., what about this billions of US$?

Title: Re: Oil found in Kerio valley
Post by: Globalcitizen12 on March 16, 2016, 05:15:13 PM

Great news for Kerio people, there is now Flourspar, Oil and rubies we need to strengthen devolution, make local government transparent and improve their capacity. I say let us wait another 20 years before mining this stuff

Title: Re: Oil found in Kerio valley
Post by: Kim Jong-Un's Pajama Pants on March 16, 2016, 05:40:49 PM

Quote from: Globalcitizen12 on March 16, 2016, 05:15:13 PM

Great news for Kerio people, there is now Flourspar, Oil and rubies we need to strengthen devolution, make local government transparent and improve their capacity. I say let us wait another 20 years before mining this stuff

Agreed.  At the very least, income or a larger portion of it, from precious natural resources should go straight to the counties; with the county of origin getting a larger cut.  The national government can be allowed to squander and steal the rest, only after the counties get their cut.

Title: Re: Oil found in Kerio valley
Post by: gout on March 19, 2016, 02:54:03 PM

the commodities markets are depressing

http://www.nation.co.ke/news/-/1056/3096142/-/qhoxmfz/-/index.html

Quote

A Kerio Valley-based mining company is set to lay off its workers as it begins winding up its operations due to a global slump in fluorspar prices and stiff competition in the sector.

can small timers exploit the opportunities